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
In investment, an annuity is a series of payments made at equal intervals based on a contract with a lump sum of money. Insurance companies are common annuity providers and are used by clients for things like retirement or death benefits. Examples ...
over a 5-year interval. These are bond issues consisting of a series of securities blocks which mature in sequence, and the
coupon rate
In marketing, a coupon is a ticket or document that can be redeemed for a financial discount or rebate when purchasing a product.
Customarily, coupons are issued by manufacturers of consumer packaged goods
or by retailers, to be used in ...
for these various blocks can be different.
References
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Bonds (finance)