Bonds in an issue that mature at the same time.
Bonds with one maturity date (as opposed to serial bond). To Top
Term bonds are part of the bond principal repayment structure, after the Serial Bonds have matured. Term Bonds also have stated maturities and interest rates which are usually in 10-year increments following the Serial Bonds.
Often referred to as bullet-maturity bonds or simply bullet bonds, bonds whose principal is payable at maturity. Compare to: Serial bonds.
Bonds that mature in one lump sum at a specified future date.