Bonds that mature at a single specified future date are called:
A) term bonds.
B) coupon bonds.
C) serial bonds.
D) debentures.

Question

Quizplus · Accepted Answer

Term bonds are issued with a single specified maturity date, as opposed to serial bonds which have multiple maturities, and coupon bonds which pay interest periodically. Debentures, on the other hand, are unsecured bonds that are not backed by specific collateral.

Bonds That Mature at a Single Specified Future Date Are