serial bond
Definition
Bond issue in which the principal is repaid (retired) in regular installments over the life (maturity period) of the issue. Serial bonds are issued where the underlying asset (security) depreciates through use or obsolescence, and their principal repayments are so arranged that at any time the outstanding principal does not exceed the asset's current value.
serial bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
serial bond appears in the definitions of the following terms: series bond, serial annuity bond and term bond
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