A bond is an unsecured debt security issued by companies, municipalities, states and sovereign governments to raise funds. When a company issues a bond it borrows money from the bondholder to boost the business, in exchange the bondholder receives the principal amount back plus the interest on the determined maturity date. Also see Non-Investment Grade Bonds, Other Investment Grade Bonds, and CMO & Structured Securities.

The total annual amount paid by the health insurer to providers (physicians or nurse practitioners) based on bonus arrangements. This amount is part of the provider compensation.