whats difference?
An amortizing bond is a bond in which a portion of the principal is paid off at regular intervals. The most obvious example of an amortizing bond is your mortgage in which a piece of each payment is prinicipal. A serial bond is a bond in a set of bonds all issued at the same time, probably for the same project. Each bond in the set is a conventional bond, but the bonds have different maturities. Thus a set of serial bonds forces the issuer to pay off principal at regular, known intervals (like an amortizing bond) however each purchaser of the serial bonds has a (probably) conventional bond that pays principal only at maturity. I do not rule out the notion that someone somewhere has issued serial, amortizing bonds.
a ha! thanks a lot joey
…and used it to argue innovation on their year end review / bonus determination