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

Term Bond

Bonds which come due on a single maturity date but which may be subject to mandatory sinking fund redemption.

Hudson Yards Rail Yards

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Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.