A security with a fixed maturity and no call
feature.
REMARKS: A bond is a debt security, in which the authorized issuer owes the
holders a debt and is obliged to repay the principal and interest (the
coupon) at a later date, termed maturity. A bond is simply a loan in the
form of a security with different terminology. The issuer is equivalent to
the borrower, the bond holder to the lender, and the coupon to the interest.
