The correct answer is An investor who feels that the price of a particular security is going to fall. Bear is a speculator who sells shares in anticipation of fall operator prices to buy them back and thus make a profit. Important PointsBear Market:-A bear market refers to a market where share prices are continuously declining. Its downward trend makes investors believe that the trend will continue, which, in turn, perpetuates the downward spiral. It is considered riskier to invest in a bear market, as many equities lose value. Thus, most investors withdraw their money from the markets. During a bear market, the economy slows down and unemployment rises as companies begin laying off workers. Bull Market:-A bull market refers to a market that experiences a sustained increase in market share prices. It ensures investors that the uptrend will continue over the long term. It signifies that the country's economy is strong and employment levels are high. Debt Instruments: Debt instrument represents a contract whereby one party lends money to another on pre-determined terms with regards to rate and periodicity of interest, repayment of principal amount by the borrower to the lender. Bonds and debentures are the major debt instruments. A bond is a financial security issued by a borrower to avail long-term funds. Equity Market: Equity, also called shares or scripts, is the basic building block of a company. A companys ownership is determined on the basis of its shareholding.