Debt Securities

$1,000 — the principal amount repaid to the holder at maturity.

The fixed annual interest paid by the issuer, stated as a percentage of par value.

Semiannually — two equal payments of half the annual coupon each year.

The date the issuer repays the principal (par value) and the bond ceases to exist.

Term: entire issue matures on one date. Serial: portions mature at staggered intervals.

A serial-style schedule where a large final payment retires the remaining principal at the end.