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Fixed income

society Maturity 11-13

Some people lend money to help others.

Central Pacific Railroad Gold Bond 1867.jpg
Central Pacific Railroad Gold Bond 1867.jpg
The borrower promises to pay it back. They also pay extra money back. This extra money is the same each time. It helps a person have steady money. Can you imagine helping a big company grow?

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File:Central Pacific Railroad Gold Bond 1867.jpg
Central Pacific Railroad Gold Bond 1867.jpg
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📚 Content adapted from Wikipedia | Readability: FK 13.7 | Vital Level 5