Term bonds are bonds that
A)are also called serial bonds.
B)may be called in and redeemed by the issuing corporation prior to their scheduled maturity date.
C)are secured by specific assets of the issuing corporation.
D)mature in one lump sum at a single maturity date.

Question

Quizplus · Accepted Answer

Term bonds are bonds that mature in one lump sum at a single maturity date. They differ from serial bonds, which have staggered maturity dates. They may or may not be callable, and they may or may not be secured by specific assets of the issuing corporation.

Term Bonds Are Bonds That