Serial bonds are unique because the interest is paid as a series of daily payments.

Name: Serial bonds are unique because the interest is paid as a series of daily payments.
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Serial bonds are not unique because of daily interest payments. Serial bonds are bonds that mature in installments over a period of time, rather than all at once like traditional bonds. The interest payments on serial bonds are typically made in semi-annual installments, just like regular bonds.

Serial Bonds Are Unique Because the Interest Is Paid as a Series