serial bond

Definition of "serial bond"
  1. A type of bond that gradually matures over scheduled intervals, as opposed to having a single maturity date
How to use "serial bond" in a sentence
  1. A city might issue a serial bond to fund infrastructure improvements over several years.
  2. Investors prefer a serial bond when they want a steady income, as they pay out periodically.
  3. The corporation raised capital by issuing a serial bond, which had different maturity dates spread out over time.

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