What is the difference between a serial issue of bonds and term bonds with a specific maturity
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What is the difference between a serial issue of bonds and term bonds with a specific maturity date and a sinking fund?
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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A serial bond has a specified amount of debt maturing each year eg Exhibit 155 Example of a Serial B...View the full answer
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