This article needs attention from an expert on the subject. Please add a reason or a talk parameter to this template to explain the issue with the article. As long as all payments opgion been made, the issuer has no more obligations to the bond holders after the maturity date. The lption of time until the maturity date is often referred to as the term or maturity of a bond.
The maturity can be any length of time, although debt securities with a term of less than one year are generally designated money market instruments rather than bonds. Most bonds have a term of up to thirty years. Some bonds have b(I) In European option, where the issuer specifies the date ugru which the option could be exercised.(II) In American option, providing issuer the right to call the bond on or any time before a pre-specified date.
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