Bullet Bond

The term bullet bond denotes a category of bonds which are amortized via a single repayment of principal upon reaching their maturity date at the end of the bond term.

Bullet bonds represent a majority of corporate bonds and government bonds issued. Bonds which are not bullet bonds include amortized bonds (the principal is repaid in installments over the bond term) and perpetual bonds (the principal is never repaid).

This term is synonymous with the term straight bond.

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