Maturity Date
The date upon which the principal of a bond becomes due and payable to the bond owner.
bond-basics
Non-Callable Bond
A Bond that cannot be called for Optional Redemption by the Issuer prior to its stated Maturity Date.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Redemption
The repayment of bonds prior to their maturity date.
Start with the Bond Basics
Hundreds of Terms and Concepts
Variable Interest Rate
The interest rate on a bond which varies according to a formula set forth in the bond or the indenture or bond resolution/ordinance or based on the interest rate required by a remarketing agent to remarket the bonds at par.