§ 11753 Bonds As Negotiable Instruments

• •Bonds are like IOUs from the government that can be traded.
• •You can buy or sell these bonds to others.
• •This helps the government raise money for big projects.

If the government sells bonds to raise money for building schools, people can buy those bonds and later sell them to someone else.

The law makes sure that these bonds can be passed around just like cash or other valuable items.