A bond that is repaid in equal fixed annual installments after a contractually defined grace period. These installments are structured in such a way that they each comprise a decreasing interest portion and an increasing redemption portion. In the final year of the term, the bond is then repaid in full with the payment of the final installment. – See accrual bond, annuity loan, installment bond.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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