Bonds which come due on a single Maturity Date but which may be subject to Mandatory Sinking Fund Redemption.
See Also
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.
![Hudson Yards Rail Yards](https://www.nabl.org/wp-content/uploads/2022/12/Hudson-Yards-Rail-Yards-scaled.jpg)
Start with the Bond Basics
Hundreds of Terms and Concepts
Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.