Reinvestment risk

The risk that future proceeds will have to be reinvested at a lower potential interest rate.

Investopedia Says:
This term is usually heard in the context of bonds. This "reinvestment risk" is especially evident during periods of falling interest rates where the coupon payments are reinvested at less than the yield to maturity at the time of purchase.

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Uncertainty about investment opportunity rates that may prevail at some future date. In lending, it is the risk that a bank will be unable to reinvest interest-earning assets at current market rates. An asset with an interest coupon carried at an above market rate may not easily be reinvested at a comparable rate at maturity, or when the borrower repays it early. When interest rates decline, borrowers tend to repay loans early or refinance at lower rates.

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