Bonds are loans you make to a government or company that pay you back with interest over time. When you buy a bond, you're essentially lending money, and the borrower agrees to return your principal plus regular interest payments. Different types of bonds exist because different borrowers have different needs and different levels of risk. Understanding what separates one bond from another helps you see what you're actually getting into when you invest.

The articles here explain how different bonds work—what makes a Treasury bond different from a corporate bond, how municipal bonds function, what floating-rate bonds do, and why some bonds carry more risk than others. You'll learn what to expect from each type, including how interest payments work and what happens when the bond reaches maturity.