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Bullet Bond

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Dictionary Says

Definition of 'Bullet Bond'

A noncallable regular coupon paying debt instrument with a single repayment of principal on the maturity date.
Investopedia Says

Investopedia explains 'Bullet Bond'

Sometimes referred to as a virgin bond.

Related Definitions

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    Bond

    A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used ...
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  • Bullet GIC

    A guaranteed investment contract (GIC) is purchased with a single premium and only one payout that is made at maturity.
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  • Bullet Repayment

    A lump sum payment for the entire loan amount paid at maturity. A bullet repayment is often linked to ballon loans or similar products. Bullet repayments are usually built in to the ...
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    • Maturity

      1. The length of time until the principal amount of a bond must be repaid. 2. The end of the life of a security.
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    • Zero-Coupon Bond

      A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value. Also known as an ...
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    • Bullet

      1) A one-time lump-sum repayment of an outstanding loan, typically made by the borrower after very little, if any, amortization of the loan. This can also refer to a loan that requires a ...
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