The distinctions between stocks and bonds are fairly fluid, in practice. High finance & legals are sophisticated. Stocks and bonds are ultimately contracts and

The distinctions between stocks and bonds are fairly fluid, in practice. High finance & legals are sophisticated. Stocks and bonds are ultimately contracts and if you're not trading them on a market with standards, they can be written however you want. You can have bonds with all the practical implications of stock and the reverse. Voting rights and fixed interest. No voting rights, but with dividends, etc.