Suppose NanoSpeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as (equity or debt?).

Buying a bond issued by NanoSpeck would give Clancy(a claim to partial ownership in, or an IOU promise to pay?)in the firm.

In the event that NanoSpeck runs into financial difficulty, (clancy and the other bondholders, or the stockholers) will be paid first.

The correct answers are:

- Debt.

- An IOU promise to pay.

- The stockholders.

Explanation:

To begin with, in the field of finance the bond is an instrument of indebtedness of the bond issuer to the holders. Moreover, this instrument is also known as a debt security under which the party that generated the bond owes a debt to the holder of the bond and must pay ir under certain circumstances stipulated at the time of the purchase, therefore that it is known that the bond is a form of ''I owe you'' or IOU promise to pay. Furthermore, the bondholders are only lenders and therefore they do not owe a part of the company, so that means that if the company runs into financial difficulty then the stockholder, who do owe a part of the company, will be paid first.

say it in english maybe we can