Serial Bonds definition

Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.
Serial Bonds means those Bonds designated as such and maturing on the dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption.
Serial Bonds means all Bonds other than Term Bonds.

Examples of Serial Bonds in a sentence

  • The City’s general obligation bonds payable at June 30, 2022 are comprised of the following individual issues: Serviced by the General Fund:$1,705,000 2014 Public Improvements Serial Bonds due in varying annual principal installments and varying semi-annual interest installments through May 1, 2034, interest at 3.34 percent payablewith each installment.


More Definitions of Serial Bonds

Serial Bonds means Bonds which are not Term Bonds.
Serial Bonds means the Bonds of a Series that are stated to mature in semiannual or annual installments as designated in the Related Series Supplement.
Serial Bonds means those Bonds other than Term Bonds.
Serial Bonds means Bonds for which no sinking fund payments are provided.
Serial Bonds means all of the Bonds other than the Term Bonds.
Serial Bonds means Bonds, maturing in specified years, for which no Mandatory Sinking Account Payments are provided.