bond-basics

Term Bond

Bonds which come due on a single Maturity Date but which may be subject to Mandatory Sinking Fund Redemption


See Also

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.

Maturity Date

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

Hudson Yards Rail Yards

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Political Subdivision

A division of any state or local governmental unit which is a municipal corporation or which has been delegated the right to exercise a sufficient part of the sovereign power of the unit.