Bonds issued in a series so that a specified amount of the bond matures each year are called

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Serial bonds are issued in a series so that a specified amount of the bond matures each year, unlike term bonds which all mature at the same time. Convertible bonds can be exchanged for a predetermined number of shares of common stock, and callable bonds can be redeemed or "called" by the issuer before their maturity date. Neither of these terms accurately describes bonds issued in a series with staggered maturity dates.

Bonds Issued in a Series So That a Specified Amount