Whats the difference between mortgage and bond?

A mortgage is a type of loan that is specifically used to purchase real estate. When someone takes out a mortgage, they are borrowing money from a lender (usually a bank or other financial institution) to buy a property. The borrower agrees to make regular payments to the lender over a set period of time, until the loan is fully paid off.

A bond, on the other hand, is a type of investment that represents a loan made to a company, government, or other entity. When someone buys a bond, they are effectively lending money to the issuer of the bond. In return, the issuer promises to make regular interest payments to the bondholder, and to repay the principal amount of the bond when it matures.

So while both mortgages and bonds involve borrowing money, they are used for different purposes and involve different types of loans. Mortgages are used to buy real estate, while bonds are used to provide financing to companies or governments. Additionally, mortgages are typically secured by the property being purchased, while bonds may be secured by assets or may be unsecured.