Term bonds are
A)bonds that have a single maturity date.
B)bonds secured by specific assets of the issuing corporation.
C)issued only by the federal government.
D)issued on the general credit of the corporation and do not pledge certain assets as collateral.

Question

Quizplus · Accepted Answer

Term bonds are bonds that have a single maturity date, meaning they are issued with a specific date of repayment rather than being callable at any time. This distinguishes them from serial bonds which have staggered maturity dates.

Term Bonds Are