Type of bonds in which there are many maturity dates and part of issue is paid off at every maturity date is considered as

Type of bonds in which there are many maturity dates and part of issue is paid off at every maturity date is considered as serial bonds. A serial bond is a bond issue that is structured so that a portion of the outstanding bonds mature at regular intervals until all of the bonds have matured. Because the bonds mature gradually over a period of years, these bonds are used to finance projects that provide a consistent income stream for bond repayment.