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A bullet bond is a debt investment whose entire principal value is paid in one lump sum on its maturity date, rather than amortized over its lifetime. Bullet bonds cannot be redeemed early by their issuer, which means they are non-callable.

Bullet bonds make a coupon payment on every coupon date, and the entire principal amount is paid back to the bondholder only on maturity. Bullet bond makes periodic interest payments. These bonds are also known as straight bonds because they do not contain any embedded features, such as put or call.

A bullet bond is a fixed-income security type with a specific maturity date and pays periodic interest over the bond's life. Unlike amortizing bonds with regular principal repayments, bullet bonds repay the entire principal amount in a lump sum on the maturity date.