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MATURITY OF BOND MEANS A SPECIFIED PERIOD WHEN THE SPECIFIED PERIOD IS COMPLETED THEN I WILL WITHDRAW AMOUNT AT SPECIFIED  RATE...REDEMTION MEANS BEFORE MATURITY I WILL WITHDRAW THE AMOUNT ....ASSUME A BOND OF 10 YEAR IF U WILL REDEM AFTER 10 YEAR THEN IT IS MATURITY BUT IF U WILL REDEM BEFORE 10 YEARS THEN IT WILL BE A REDEMTION....BUT TODAYS MARKET A CONDITION IS ALSO ATTACH WITH BONDS