Also known as a balloon maturity. Dresdner Kleinwort Wasserstein financial glossary
A debt issue where the capital is all redeemed on the final day of the bond's life, rather than in instalments over the life. The only payments over the bond's life are the coupon. Contrast to sinking funds or purchase funds. Dresdner Kleinwort Wasserstein financial glossary
Financial and business terms. 2012.