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.|author-link=Charles Thomas Horngren|date=2007|title=Accounting|pages=[https://archive.org/details/accounting00horn/page/734 734]|location=Upper Saddle River, NJ|publisher=Prentice|edition=7th|ISBN=0-13-243960-3|url=https://archive.org/details/accounting00horn/page/734}} These are bond issues consisting of a series of securities blocks which mature in sequence, and the coupon rate for these various blocks can be different.{{cite book|author=Fabozzi, Frank J.|date=2000|title=Fixed Income Analysis for the Chartered Financial Analyst Program|url=https://archive.org/details/fixedincomeanaly00fabo|url-access=registration|pages=[https://archive.org/details/fixedincomeanaly00fabo/page/14 14]|location=New Hope, Pennsylvania|publisher=Frank J. Fabozzi Associates|ISBN=1-883249-83-X}}