Definitions for "term bond"
Bonds of the same issue all maturing at the same time.
A bond that has a single, fairly lengthy maturity date.
A bond of an issue that has a single stated maturity date. These bonds are usually quoted in price rather than yield. They comprise all or a large part of a particular issue that come due in a single maturity. The issuer usually agrees to make periodic payments into a sinking fund for mandatory redemption of term bonds before maturity or for payment at maturity.