When bonds issued at the same time mature on different dates, they are referred to as ____ bonds.
A) callable
B) serial
C) mortgage
D) debenture
E) convertible

Question

Quizplus · Accepted Answer

Serial bonds are issued at the same time but have different maturity dates. They may mature in installments, with a portion of the bonds being retired at different times, usually annually or semi-annually. This allows the issuer to spread out the repayment of the bond principal, rather than have to pay it all back at once.

When Bonds Issued at the Same Time Mature on Different