Bullet Maturity

A single, fixed Principal payment at Maturity with no Mandatory Sinking Fund Redemption feature.

See Also

Maturity Date

The date upon which the principal of a bond becomes due and payable to the bond owner.

Serial Bonds

Maturities of a bond issue which mature in consecutive years or other shorter periods.

Hudson Yards Rail Yards

Start with the Bond Basics

Private Business Use (PBU) and Tests

Any use of Bond proceeds in a trade or business carried on by a person other than a governmental unit. The private business tests are used in part to establish whether a bond is a private activity bond (PAB).