serial bond

serial bond
A bond that provides for the amount of debt to be divided into a series of different staggered maturities. For example, instead of issuing$10 million of 15-year bonds, a municipality may issue $10 million with $1 million maturing each year from the year 6 to the year 15. By issuing debt in serial form, the municipal issuer can match its need to redeem maturing debts to its cash flow. This form also enables the issuer to save money since the shorter-term bonds carry a lower interest cost than longer-term debt. American Banker Glossary
corporate bonds arranged so that specified principal amounts become due on specified dates. Related: term bonds. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • serial bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Serial bond — Serial bonds are financial bonds that mature in installments over a period of time. In effect, a $100,000, 5 year serial bond would mature in a $20,000 annuity over a 5 year interval. [cite book|author=Horngren C.|date=2007|title=Accounting|pages …   Wikipedia

  • Serial Bond With Balloon — A combination of a serial bond issue and a term bond issue. Essentially, the serial bond with balloon has bonds that mature at different intervals throughout the issue s life, and then a large percentage of the bonds (the term bonds) mature in… …   Investment dictionary

  • Serial Bond — A bond issue in which a portion of the outstanding bonds matures at regular intervals until eventually all of the bonds have matured. As they mature gradually over a period of years, these bonds are used to finance a project providing regular,… …   Investment dictionary

  • serial bond — noun Etymology: serial (I) : one of a series of bonds maturing periodically rather than on a single maturity date …   Useful english dictionary

  • serial bond — noun Bonds issued in a series by a public entity that are payable at different times …   Wiktionary

  • serial bond —   Pona helu …   English-Hawaiian dictionary

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… …   Wikipedia

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

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