Bonds in a particular issue which mature in installments over a period of time are called:
A)serial bonds.
B)term bonds.
C)callable bonds.
D)convertible bonds.

Question

Quizplus · Accepted Answer

Serial bonds are issued in a series of installments, with a portion of the bond maturing at regular intervals until the whole bond is paid off. This is different from term bonds which have a single maturity date and are paid off in a lump sum. Callable bonds and convertible bonds refer to different features of bonds and do not necessarily indicate a specific structure of maturity payments.

Bonds in a Particular Issue Which Mature in Installments Over