Tare e accountmg for the ISsuance of bond proceeds. 12. The difference between a serial bond and term bond is: A. Term bonds will mature on perpetual dates that are noted on the face of the bond. B. Serial bonds will mature in installments over a series of dates such as each year for twenty years. C. Term bonds will not mature on a single date because the bond can be automatically extended. D. Serial bonds cannot be issued without permission of the state jurisdiction