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How are Bonds different from Fixed Deposits?

Bonds are similar to Fixed Deposits. Like Bonds, fixed deposit receipts are normally issued by a bank, a financial institution or a company, for a fixed period. A specified rate of interest is payable to the investor at regular intervals. However, unlike Bonds, Fixed Deposits are not transferable. Also, while Bonds may be secured or unsecured, Fixed Deposits are always unsecured.