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Some of my friends recommend clenching and unclenching my buttocks during the exam. Personally, I prefer not to receive advice about my hindquarters during times of stress.

Bond Maturities

Bond Maturities

Bond Maturities: How Corporate Bonds Get Paid Off

Term maturity. Think: term life insurance. Everything happens at once. One day you're biking up a hill. There's a sharp chest pain, then blammoyou've got coins on your eyes to pay the ferryman with. 

In term maturity, the whole bond issue is paid off on one previously specified date, and companies usually set up an offsetting account to account for the huge bill coming due that day. It's called a sinking fund, and it's not related to the f...

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