Business, Legal & Accounting Glossary
Bonds that mature in instalments, rather than on one maturity date.
Serial Bonds are bonds that mature in instalments rather than on a single maturity date.
Serial bonds (also known as instalment bonds) refers to a type of bond that matures in portions over several different dates. Instead of facing a large lump-sum principal re-payment at maturity, an issuer can opt to spread the principal repayment over several periods.
The city issued 10-year, five percent serial bonds to this amount.
The yields from serial bonds ranged from 5.20 percent in 2000 to 6.20 percent in 2016.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Serial Bonds are sourced/syndicated and enhanced from:
This glossary post was last updated: 4th July, 2019 | 11 Views.