Bonds that are made payable to whoever holds them; also called unregistered bonds. The contract between the bond issuer and the bondholder; it identifies the rights and obligations of the parties. Bonds that mature at different dates with the result that the entire debt is repaid gradually over a number of years. An obligation requiring a series of periodic payments to the lender. 1. Installment Note 2. Coupon Bonds 3. Market Rate Bonds that have interest coupons attached to their certificates the bondholders detach the coupons when they mature and present them to a bank or broker for collection 4. Bond Indenture 5. Convertible Bonds 6. Bearer Bonds 7. Term Bonds Bonds that can be exchanged by the bondholders for a fixed number of shares of the issuing corporation's common stock. 8. Unsecured Bonds 9. Serial Bonds 10. Effective Interest Rate Method An accounting protocol that allocates interest expense over the life of the bonds in a way that yields a constant rate of interest. The interest rate that borrowers are willing to pay and that lenders are willing to earn for a particular bond at its risk level Bonds that are backed by the issuer's general credit standing Bonds that are scheduled for payment at a single specified date