An iou that promises to pay a certain amount at maturity, and also to pay periodic fixed amounts until that date, is called a corporate date.
A corporate bond is a formal promise (an IOU) requiring the issuer to repay the lender with the principal plus interest at maturity (a predetermined future date). In essence, it is the debts that a commercial firm issues.
To bondholders in order to raise money. As a result, bondholders, including creditors and investors, have no ownership stake in the company and are therefore not entitled to dividend payments from the corporate bond issuer.
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