Most of the debt instruments pay a fixed interest and hence generate regular income.
A debt instrument is thus fundamentally an issue of debt by an entity that literally borrows from investors and agrees to pay back such borrowings, typically along with interest. Investors find these instruments appealing for these offer steady income and sometimes involve lesser risk compared to stocks. Debt instruments have a due date for repayment of principal which, in turn makes their repayment relatively more certain.

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