Principal Only Bond definition

Principal Only Bond. Any Bond that does not bear a stated Bond Interest Rate and entitles the Holder thereof to payments of principal (but not payments of interest).
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Principal Only Bond. A Bond of a Series which is entitled only to payments of principal thereof and on which no interest will accrue or be payable.
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Related to Principal Only Bond

  • Principal Only Certificates As specified in the Preliminary Statement.

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • 2013 Notes means the 4.375% Senior Secured Notes due 2023 and the 5.950% Senior Secured Notes due 2043 issued by the Issuer on March 18, 2013.