The rate of return an investor receives if a fixed-income security is held to maturity.

如果固定收益证券持有至到期日，则投资人的收益率将得到补偿。

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There's certainly no fixed maturity date: Money shows up in irregular chunks as people pay down their mortgages at unpredictable times-for instance, when they decide to sell their house.

而且没有固定的到期日：几时能收回钱是不知道的，因为人们支付他们的抵押贷款时间是不可预测的，这个时间举例来说，当他们决定出售他们的房子的时候。

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The fixed-rate element normally carries a higher yield than that of Treasury bonds with the same maturity.

而固定利率一般比同一期间到期的美国国债收益率高。

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You buy a series of quality fixed-income securities with staggered maturity dates.

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These factors make fixed maturity securities and ideal choice for insurance companies, which typically invest 50-70% of their total invested assets in fixed maturity securities.

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For one thing, it is hard to know how much companies have in fact lengthened the maturity of their debts because the interest-rate swap market allows them to swap those fixed bond payments into cheaper floating debt, a popular strategy in the investment-grade market.

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