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Maturity Date the date on which a financial obligation must be repaid Face Value Amount of principal due at the maturity date of the bond Debenture a bond that is backed by the credit of the issuer but not by any specific collateral Mortgage Bond sometimes referred to as a secured bond, is a bond that is backed by by assets of the corparation. Convertible Bond a bond that an investor can trade for shares of the corporation's common stock. Sinking Fund a fund accumulated regularly in a separate account and used to redeem debt securities Serial Bond bounds issued at the same time that mature on different dates Registered Bond a bond registered in the owner's name by the issuing company Coupon Bond a bond issued with detachable coupons that must be presented to the issuer for interest payments Bearer Bond a bond that is not registered in the investor's name Zero-Coupon Bond a bond that is issued at a deep discount from its value at maturity and pays no interest during the life of the bond Municipal Bond a bond issued by a state or local government Investment-Grade Bonds bonds that are issued by financially stable companies or municipalities Yield The financial return on stock on a per share basis expressed as a percent of the stock market value. Closed-End Fund a mutual fund with a fixed number of shares that are issued by an investment company when the fund is first organized Open-Ended Fund A type of mutual fund that does not have restrictions on the amount of shares the fund will issue. Open-end funds also buy back shares when investors wish to sell. Net Asset Value amount one shares of a mutual fund is worth Load Fund mutual fund in which you pay a commission every time you purchase shares No-Load Fund a mutual fund in which the individual investor pays no commission Income Dividends the earnings a fund pays to shareholders from its dividend and interest income