Term Bond
Bonds which come due on a single maturity date but which may be subject to mandatory sinking fund redemption.
bond-basics
Serial Bonds
Maturities of a Bond Issue which mature in consecutive years or other shorter periods. Generally, Serial Bonds have a different Interest Rate for each maturity. Serial Bonds are not subject to Mandatory Sinking Fund Redemption.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Underwriter’s Discount
The difference between the amount an underwriter pays the issuer for the bonds at the closing (i.e., the purchase price) and the price at which the underwriter sells the bonds to the public (i.e., the issue price).