§ 11752 Bond Issue Redemption Priority

• •All bonds issued by the government must be paid back fairly, no matter when they were sold.
• •Different batches of bonds can have different due dates.
• •The government can't favor one batch of bonds over another when paying them back.

Imagine the government borrows money by selling bonds to build schools. They sell some bonds in 2023 and more in 2024.

Both sets of bonds must be treated equally when paying back the money, but the 2023 bonds might be due earlier than the 2024 ones.