2. Bonds Payable Characteristics of Bonds. Debenture bonds Mortgage bonds c Registered bonds Coupon bonds Zero-coupon bonds Callable bonds Convertible bonds Serial bondsCharacteristics of Bonds • Debenture bonds • Mortgage bonds • Registered bonds • Coupon bonds • Zero-coupon bonds • Callable bonds • Convertible bonds • Serial bonds Intermediate Accounting 11 Long-term Liabilities And Receivables 2. Bonds Payable