Pronounced back-uh-laurie-ette. Certain states in the U.S. sell baccalaureate bonds to help people save up for college, *tax-free* (gasp!). Some states even will even give you a discount on tuition if you use their baccalaureate bonds to attend a college in their state. Other states use the bond to fund their public universities, and sometimes the cash paid at the bond's maturity can be used for whatever nefarious, non-college plans you may have.
Related or Semi-related Video
Finance: What is a 529 Savings Plan?3 Views
Up Next
What is a muni bond? Muni bonds are bonds issued by the government. They are used to raise the money required to pay for government responsibilitie...
What is the maturity of a bond? Maturity refers to the time when an investment ends. When maturity happens, the investor is either on the hook for...
Maturity is, quite simply, the date when a debt becomes due. As for our maturity, well... we're still giggling about the word "due."