The type of bonds in which there are many maturity dates and part of issue is paid off at every maturity date is considered as ___________?
Correct answer: B. serial bonds
- A. pledged bonds
- B. serial bonds
- C. series bonds
- D. parallel bonds
Explanation
Serial bonds mature in installments, with part of the issue repaid on each scheduled maturity date. This differs from a term bond, which normally matures in one lump sum.
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