Bonds classified as to the timing of principal payments include all of the following EXCEPT

Name: Bonds classified as to the timing of principal payments include all of the following EXCEPT
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Question

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Term bonds, serial bonds, and callable bonds are all classified based on the timing of principal payments. Debenture bonds are classified based on the source of security for the bond, as they are unsecured and rely on the creditworthiness of the issuing company for repayment.

Bonds Classified as to the Timing of Principal Payments Include