Some bonds mature in installments. If a bond issue contains this feature, they are known as:
A) secured bonds.
B) loan covenant bonds.
C) callable bonds.
D) serial bonds.

Question

Quizplus · Accepted Answer

Serial bonds are bonds that mature in installments, meaning that a portion of the bonds will mature at a specific date and then subsequent portions will mature at different intervals until the entire bond issue is retired.

Some Bonds Mature in Installments