So, staying on the topic of bonds, what is the difference between a bond and a loan contract?

	a.	A loan contract is between a specific lender and a specific borrower. With a bond, there is no designated lender - the lender is anyone who buys the bond.
	b.	Loans always involve interest payments, but with a bond there is no interest.
	c.	A loan contract is between a specific lender and a specific borrower. With a bond, there is no designated borrower - the borrower is anyone who buys the bond.
	d.	Bonds are only issued by the government, while loans can be between private parties.