A bond issue with specifically designated bonds maturing each year is a(n)

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A serial issue is a bond issue in which a portion of the bonds matures each year until all of the bonds have matured. This allows the issuer to spread out the repayment of the bonds over a period of time instead of having to pay all of the principal back at once. A sinking fund issue is one in which the issuer sets aside funds in order to retire the bonds at maturity, but it does not necessarily specify designated bonds maturing each year. A mandated redemption issue requires the issuer to redeem a certain amount of the bonds each year, but it does not necessarily specify designated bonds maturing each year. A sequential issue is a type of serial issue in which the bonds are issued in a specific order and must be repaid in that order.

A Bond Issue with Specifically Designated Bonds Maturing Each Year