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
Interest Rate Swap
A type of derivative, in which the interest rate on the bonds is swapped, or exchanged, by the issuer for an agreed-upon fixed rate or variable rate based upon an index, calculated on a notional principal amount.