Final answer:
Serial bonds are issued with multiple maturity dates rather than all at once, allowing the issuer to pay off a portion of the bond debt in installments.
Explanation:
Serial bonds are bonds that mature in installments, meaning they are issued with a series of maturity dates rather than all at once. They are not backed by collateral and do not necessarily have greater risk. Serial bonds allow the issuer to pay off a portion of the bond debt over time.
Learn more about Serial bonds here:
https://brainly.com/question/32315603
