bullet bond


A bond that is not able to be redeemed prior to maturity. A bullet bond is usually more expensive than a callable bond (in that the interest rate is lower), since the investor is protected against the possibility of the bond being called when market interes rates fall. also called bullet bond.

Use bullet bond in a sentence

You may want to try and take out a bullet bond so that you know you will still have some money at a later date.

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The bullet bond could not be redeemed until the maturity date and that made me upset, cause I did not know that.

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My client bought a non callable bullet bond for his portfolio and because of this his interest was more predictable and stable.

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