The glossary

Bond

A bond is a debt security: an investor lends money to an issuer (a government, corporation, or supranational institution) in exchange for periodic interest payments — known as the coupon — plus repayment of the original amount at a fixed future date (the maturity). Bonds are generally less volatile than stocks and play a stabilising role in diversified portfolios. Government bonds are considered the lowest-risk; corporate bonds offer higher yields with higher credit risk. Modern wealth management mandates, including Alpian’s investment portfolios, typically combine bonds with equities and alternative assets to balance growth and stability.

Last verified: May 2026