I specified a maturity date no later than 1/1/2020.
If you'd like to earn a higher interest rate, you can invest your money in BDO's «time deposit» accounts, certificates of deposit savings accounts with
a specified maturity date.
These investments provide investors with a predictable cash flow paid on a periodic basis, with
a specified maturity date.
For example, there are bonds that can be redeemed prior to
their specified maturity date, and bonds that can be exchanged for shares of a company.
Bond: A long - term debt instrument with the promise to pay a specified amount of interest and to return the principal amount on
a specified maturity date.
A long - term debt instrument with the promise to pay a specified amount of interest and to return the principal amount on
a specified maturity date.
Unlike with buying bonds outright, an investor will find that a bond fund lacks
a specified maturity date or fixed interest rate.