Serial Bond

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, level or predictable income streams. Serial bonds are also used to finance projects with regular, level debt payments such as residential developments.

Serial bonds are issued on the same date and are quoted by their yield, as opposed to their price. The maturity date of the final group of serials is usually closely associated with the predicted apex of income streams from the project that the bonds financed.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • 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 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… …   Financial and business terms

  • 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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