Describe the characteristics of a bond and provide an example of a firm or government entity that has recently issued (sold) these securities.

A bond is a debt security issued by corporations or governments that require the borrower to pay back the principal plus interest to investors over a specified period of time. These securities are typically seen as relatively safe investments since they provide a set rate of return and investors can be sure that their money will eventually be repaid; this makes them attractive to individuals seeking long-term stability.

Recently, Apple Inc. announced plans to issue $7 billion worth of bonds in order to raise funds for general corporate purposes such as share repurchases and dividend payments. This is an example of how companies often tap into bond markets when they need additional capital while providing investors with an opportunity to earn returns through fixed income instruments. Ultimately, it is clear that bonds remain popular among firms due both their predictability as well as potential benefits they offer those looking to invest in them.