Asked by
Jatin Raghuvanshi
on Oct 20, 2024
Verified
Term bonds are scheduled for maturity on one specified date, whereas serial bonds mature at more than one date.
Serial Bonds
Serial bonds refer to a type of bond issue that is divided into several parts, each maturing at different intervals over a period of time, allowing the issuer to phase out the repayment over several years.
- Acknowledge the various bond types and the assets securing them.
Verified Answer
SA
Learning Objectives
- Acknowledge the various bond types and the assets securing them.