A

$$

$$

coupon bond

fixed$-$payment loan

discount bond

simple loan

is a debt instrument in which the borrower receives from the lender an amount called the principal and agrees to repay the lender the principal plus interest on a specific date when the loan matures.

A

$$

$$

fixed$-$payment loan

discount bond

coupon bond

simple loan

is a debt instrument that requires multiple payments of interest on a regular$$ basis, such as semiannually or$$ annually, and a payment of the face value at maturity.