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
Revenue Fund
A fund into which pledged revenues may be required to be deposited as received and from which disbursements are made to pay allowable operations and maintenance expenses and to meet debt service requirements and deposit requirements to other funds.