Bonds which come due on a single Maturity Date but which may be subject to Mandatory Sinking Fund Redemption.
A type of redemption that applies specifically to bonds issued as term bonds provided in the bond resolution/ordinance and/or an indenture, pursuant to which an issuer or a conduit borrower is required to retire a specific amount of the outstanding principal of the term bond by redemption on specific dates.
The date upon which the principal of a bond becomes due and payable to the bond owner.
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Term of the Week
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.