A bond that, according to the contract, – must be serviced by the issuer until the end of the agreed term (the bond cannot be called, no matter what the interest rate is) and – also cannot be called beforehand by the investor. – See bond, callable, straight 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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