What are redeemable and irredeemable bonds? Explain in single sentence please

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2Q: What is the difference between serial bonds and term bonds?
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What are redeemable and irredeemable bonds?

Explain in single sentence please

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