Maturity Date
The date upon which the principal of a bond becomes due and payable to the bond owner.
bond-basics
Bullet Maturity
A single, fixed Principal payment at Maturity with no Mandatory Sinking Fund Redemption feature.
See Also
Serial Bonds
Maturities of a bond issue which mature in consecutive years or other shorter periods.
Start with the Bond Basics
Hundreds of Terms and Concepts
Tax Increment Financing (“TIF”) Bonds
Bonds are special obligations secured by incremental increases in tax revenues paid by users of developed property or by general increases in taxable values within a designated tax increment area.