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

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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TEFRA

The acronym for the Tax Equity and Fiscal Responsibility Act of 1982, which applies additional tax requirements and considerations to tax-advantaged bonds.