serial bonds

serial bonds definition - finance
Bonds that have a series of maturity dates, perhaps as many as 25. Each maturity date is actually its own small bond issue with different coupons, even though it is part of the overall bond issue. Most serial bonds are issued by cities.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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