Series 52: 2.7. Retirement

Taken from our Series 52 Top Off Online Guide

2.7. Retirement

A bond has been retired when the issuer owes nothing more to the bondholder. The most common way for a bond to be retired is by reaching maturity. However, sometimes issuers wish to retire bonds early. Different methods are available for accomplishing this, depending on the features written into the bond indenture when the bonds were issued, the financial condition of the issuer, and interest rates.

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