When the maturities of a bond issue are spread over several dates, the bonds are called
A) serial bonds
B) bearer bonds
C) debenture bonds
D) term bonds

Question

Quizplus · Accepted Answer

Serial bonds have their maturities spread over several dates, making them the correct choice. Bearer bonds are unregistered securities that are payable to whoever holds them, which is not relevant to the question. Debenture bonds are unsecured bonds, which is not relevant to the question. Term bonds have a single maturity date, which is not relevant to the question.

When the Maturities of a Bond Issue Are Spread Over