Bonds that mature in each year over a period of years, usually at varying interest rates
A form of debt, like a mortgage, that is long-term. Municipalities use serial bonds to borrow for long-term capital projects.
Bonds of an issue that mature in consecutive years. Compare: TERM BONDS.
Bonds in an issue that mature on different dates.
Corporate bonds arranged so that specified principal amounts become due on specified dates. Related: Term bonds
Serial bonds are part of the bond principal repayment structure during approximately the first 10 years the issue is outstanding. Serial bonds have stated annual maturities and interest rates.
An issue of bonds that matures over a period of years.