Series 66: Balloon Maturity

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Balloon Maturity...

a serial bond in which one maturity, usually the last one, contains a disproportionately large amount of the principal.

Since you're reading about Series 66: Balloon Maturity, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!