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

Maturity Date

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

Redemption

The repayment of bonds prior to their maturity date.

Hudson Yards Rail Yards

Start with the Bond Basics

120% Rule

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.