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
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Guaranteed Investment Contract (GIC)
An investment agreement offered by financial institutions (e.g., banks or insurance companies) which pays a stated rate of return on invested bond proceeds for a stated term.