Bonds are loans split into smaller pieces. They allow companies, states and governments to finance projects and operations. Think of them as an ‘I owe you'. Organisations borrow your money and then return it with interest paid on top.Bonds typically have maturity dates which indicate when all the money must be paid back in full.
Your money may be invested in different types of [financial assets] - including bonds. While you cannot vote on bonds, they play an important part in your investment [portfolio].