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Simple English definitions for legal terms

bond retirement

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A quick definition of bond retirement:

Bond retirement: When a company or government cancels a bond that has been paid off or called back, it is called bond retirement. This means that the bond is no longer valid and the borrower no longer owes any money to the bondholder. It's like when you pay off a loan and the bank cancels the debt, except with bonds, it's a little more formal.

A more thorough explanation:

Bond Retirement

Bond retirement refers to the cancellation of a bond that has been called or paid.

When a bond is issued, it has a maturity date, which is the date when the issuer is required to pay back the principal amount to the bondholders. However, sometimes the issuer may decide to retire the bond before its maturity date. This can happen if the issuer has enough funds to pay off the bond early or if the bond has a call provision that allows the issuer to redeem the bond before maturity. When a bond is retired, it means that the issuer has cancelled the bond and is no longer obligated to make any further payments to the bondholders.

Example 1: Company A issued a bond with a maturity date of 10 years. However, after 5 years, the company decided to retire the bond early. The company paid off the bondholders and cancelled the bond.

Example 2: Company B issued a bond with a call provision that allowed the company to redeem the bond after 3 years. After 3 years, the company decided to exercise the call option and retire the bond. The bondholders received their principal amount and the bond was cancelled.

Both examples illustrate bond retirement, where the issuer cancels the bond and pays off the bondholders. In example 1, the bond was retired before its maturity date, while in example 2, the bond was retired due to the call provision. In both cases, the bondholders received their principal amount and the bond was cancelled, meaning that the issuer was no longer obligated to make any further payments.

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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