Serial bonds require payment of the full principal amount of the bond at a single maturity date.

Name: Serial bonds require payment of the full principal amount of the bond at a single maturity date.
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Serial bonds do not require payment of the full principal amount at a single maturity date. They are structured to have a portion of the bonds mature annually or at different intervals, allowing for more manageable repayment schedules.

Serial Bonds Require Payment of the Full Principal Amount of the Bond