Maturity Date
The date upon which the principal of a bond becomes due and payable to the bond owner.
A Bond that cannot be called for Optional Redemption by the Issuer prior to its stated Maturity Date.
Learn about over various terms and concepts that may arise while preparing a bond issue.
The date upon which the principal of a bond becomes due and payable to the bond owner.
The repayment of bonds prior to their maturity date.
Rule outlined in Section 147(b) of the code that states private activity bonds are not tax-exempt bonds if the weighted average maturity of the bond issue exceeds 120% of the average reasonably expected economic useful life of the facilities financed with the bond proceeds.