When the maturities of a bond issue are spread over a several dates, the bonds are called:

A) term bonds.
B) bearer bonds.
C) debenture bonds.
D) serial bonds.

Serial Bonds

Bonds issued in a series, each one of which has a different maturity date and thus comes due at a different time.

Maturities

The term dates on which debts or investments are due to be paid or settled.

Bond Issue

The process by which a borrower, such as a company or government, raises funds by selling bonds to investors, with the promise to pay back with interest at future dates.