Series 53: 5.5.5.1. Early Redemption Of Municipal Bonds

Taken from our Series 53 Online Guide

5.5.5.1. Early Redemption of Municipal Bonds

Redeemable bonds are bonds that may be retired prior to their maturity dates, either by the issuer or the investor. Bonds are redeemed at a price specified in each bond (usually its face value), together with accrued interest. Their redemption may be optional or mandatory.

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