[alexander_busek]

1) Perhaps I miss the distinction, but a bond is a debt, so "corporate debt and bonds" seems redundant.

It's a different flavor of debt - corporate debt is namely debt owed to a bank or consortium, as opposed to a bond, which is debt owed to an individual bond-holder (and which is traded on the open market).

Regards,

[RinaseaofDs]

“It’s a different flavor of debt - corporate debt is namely debt owed to a bank or consortium, as opposed to a bond, which is debt owed to an individual bond-holder (and which is traded on the open market).”

Is this also different than corporate paper, which I understand to be intercompany or interbank loans made and settled daily for day-to-day operations.

[ClearCase_guy]

Seems fungible — I imagine a lot of bonds are sold to individual bond-holders so that the corporation can get some cash to pay off the debt owed to a bank or consortium.

So ... different flavors, but also pretty muddy.