Advanced Refunding involves issuing new bonds to replace older ones before their call date, often utilized for financial restructuring.
A Bond Counsel provides the legal opinion necessary for the issuance of municipal bonds, ensuring their legality, tax-exempt status, and compliance with regulations.
Catalyst is the bond trading platform of the Warsaw Stock Exchange (WSE), providing a market for debt securities issued by both corporate and municipal entities.
A General Obligation Bond is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project.
General obligation bonds are municipal bonds backed by the issuing government's credit and taxing power, offering a secure investment option. Explore the types, considerations, and comparisons with other bonds.
An Industrial Development Bond (IDB) is a debt instrument issued by municipalities in the USA to finance private industrial business projects, thereby fostering local economic development.
A detailed exploration of the financial mechanisms, models, and policies that underpin the funding of local authorities, covering historical context, types, key events, importance, and more.
An in-depth comparison of Moral Obligation Bonds and General Obligation Bonds, focusing on definitions, assurances, legal implications, and case studies.
Detailed insight into the role and responsibilities of Municipal Advisors, professionals who provide essential advice to municipal entities on matters related to securities issuances.
Debt securities issued by state and local governments, often offering tax-exempt interest, used to finance public projects.
Municipal bonds are debt securities issued by municipalities to finance public projects. They often have tax advantages and play a significant role in ZEBRA agreements.
Private Activity Bonds (PABs) are municipal bonds issued for private purposes, providing tax-exempt interest income that may be subject to the Alternative Minimum Tax (AMT). Explore the detailed definition, types, and related financial considerations.
Public Bonds are debt securities issued by government entities to raise funds for public projects. These bonds are essential for financing infrastructure, education, healthcare, and other public services.
Revenue bonds are loans where the principal and interest are payable from the earnings of the project financed by the loan. They are commonly issued in the USA by municipalities to finance projects like toll bridges.
A Special Assessment Bond is a type of municipal bond repaid through charges levied against specific properties benefiting from the funded project. It allows municipalities to finance infrastructure and other local improvements by issuing bonds that are not backed by general taxes, but rather by assessments against properties that directly benefit from the project.
Detailed explanation of tax-exempt bonds, their benefits, types, and implications in the financial and investment world.
A comprehensive overview of tax-exempt investments, including definitions, historical context, types, key events, detailed explanations, formulas, charts, importance, applicability, examples, related terms, FAQs, and more.
A comprehensive guide to tax-exempt yields, including their types, calculations, benefits, and applications, with a focus on municipal bonds.
An in-depth explanation of After-Tax Basis, a method for comparing returns on corporate taxable bonds versus municipal tax-free bonds.
An arbitrage bond is issued by a municipality to gain an interest rate advantage by refunding higher-rate bonds before their call date. The proceeds from the lower-rate refunding issue are invested in higher-yielding treasuries until the first call date of the higher-rate issue being refunded.
Build America Bonds (BABs) are taxable bonds issued by municipalities under the American Recovery and Reinvestment Act of 2009 to promote infrastructural development and job creation.
An analysis of the Equivalent Taxable Yield, comparing the taxable yield on a corporate bond and the tax-free yield on a municipal bond, with a focus on implications for investors in different tax brackets.
An EX-LEGAL municipal bond is a bond that does not have the legal opinion of a bond law firm printed on it. Learn about its implications and considerations.
A comprehensive overview of exempt securities, including definitions, types, regulatory exemptions, examples, historical context, applicability, and related terms.
Comprehensive explanation of the 'Flow of Funds' concept in economics and municipal bonds, covering the transfer of funds through financial intermediaries and the priority of municipal revenues.
An in-depth look at Industrial Revenue Bonds (IRBs), their functionalities, types, historical context, and regulatory aspects.
Exploring M-CATS, a type of zero-coupon bond issued by municipalities.
An in-depth exploration of MOODY'S INVESTMENT GRADE ratings, their classifications, and implications for municipal short-term debt securities.
A moral obligation bond is a tax-exempt bond issued by a municipality or a state financial intermediary and backed by the moral obligation pledge of a state government. While the state's pledge is not legally binding, it carries significant weight.
Mortgage bonds are tax-exempt securities issued by municipal and state authorities to provide low-interest-rate mortgage loans to qualified individuals, primarily first-time home buyers with moderate income.
A Municipal Revenue Bond is a bond issued by a municipality to finance public works such as bridges, tunnels, or sewer systems, and is supported directly by the revenues generated from these projects.
An in-depth exploration of nontaxable dividends, particularly from regulated investment companies or mutual funds whose dividends are derived from tax-exempt state and municipal debt obligations.
Nontaxable interest refers to the interest on state and municipal debt obligations, such as municipal bonds, which is generally excluded from federal taxable income. Explore the nuances, types, special considerations, and more.
In-depth analysis of a presold issue, specifically focusing on municipal bonds or government bonds completely sold out before public announcement of price or yield.
An in-depth exploration of Serial Bonds, including definition, types, special considerations, examples, historical context, and more.
A detailed guide on Tax-Equivalent Yield, explaining how to compare the yields of taxable bonds with tax-free municipal bonds for investors.
A comprehensive guide to tax-exempt securities, with a deep dive into their types, applications, and examples.
Underlying Debt refers to the primary obligations in both real estate and municipal bonds, representing a pivotal concept in financial structures.
An in-depth exploration of Build America Bonds, including their types, restrictions, comparisons with other bonds, and historical context.
In-depth explanation of General Obligation (GO) Bonds, their types, differences with Revenue Bonds, and essential considerations.
An in-depth exploration of hospital revenue bonds, their role in funding healthcare infrastructure, their mechanics, and significance.
Detailed explanation and overview of housing authority bonds, including their purpose, issuance process, types, historical context, and applicability in financing affordable housing projects.
An in-depth look into housing bonds, debt securities issued by state or local governments to support affordable housing development, encompassing their purpose, types, and practical applications.
A comprehensive guide to municipal bonds, covering their definition, various types, associated risks, and tax benefits.
The Municipal Securities Rulemaking Board (MSRB) is a regulatory body that creates policies ensuring fair practices in the municipal trade industry. This entry explores its history, function, and impact on the financial markets.
Negative arbitrage refers to the potential financial loss experienced by municipal bond issuers when the earnings on invested proceeds from debt offerings are lower than the cost of the debt. This entry provides a comprehensive overview, explaining what negative arbitrage is, how it works, and its implications for municipal bond issuers.
A comprehensive guide to understanding overlapping debt, its mechanism, and economic implications, covering various examples and related financial concepts.
A detailed guide to understanding Tax-Equivalent Yield, including its definition, calculation, practical examples, and its significance in investment decisions.
Explore the meaning of 'Tax-Free', an overview of tax-free goods and financial products, including key examples like municipal bonds, and the benefits associated with them.
An in-depth examination of the bond market, including the various types of debt securities such as corporate, government, and municipal bonds.
Explore the concept of underlying debt in municipal bonds, its mechanisms, historical context, and real-world examples, ensuring a comprehensive understanding for finance and investment professionals.
An in-depth look at Unlimited Tax Bonds, including their definition, how they function, types, examples, historical context, as well as their importance in municipal financing.
Explore what a Variable-Rate Demand Bond is, how it functions, its benefits, and associated risks. Gain in-depth knowledge on this unique financial instrument within the municipal bond market.
A comprehensive exploration of 'Whoops', slang for the Washington Public Power Supply System (WPPSS), detailing its significance, operational mechanics, and historical background, including the largest municipal bond default in history.
A comprehensive overview of 'Workable Indication,' a pricing technique in municipal bond trading that provides dealers with flexibility by stating prices as a range.
