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

Question

Quizplus · Accepted Answer

Serial bonds are issued in a series of installments, with each installment having a different maturity date. This allows the issuer to spread out their repayment obligations over time and makes it easier for them to raise the necessary funds. Callable bonds allow the issuer to repay the bonds early, while convertible bonds can be exchanged for shares of stock, and term bonds mature all at once at a single future date.

Bonds in a Particular Issue Which Mature in Installments Over