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

Question

Quizplus · Accepted Answer

Serial bonds are issued with maturity dates that are staggered over a period of time, meaning that the bonds will mature in installments. This allows the issuer to spread out its debt payments and can also make the bonds more attractive to investors who are interested in a steady stream of income. Callable bonds can be redeemed before their maturity date, convertible bonds can be exchanged for a predetermined number of shares of the issuer's stock, and term bonds all have the same maturity date.

Bonds in a Particular Issue Which Mature in Installments Over