Law designed to ensure that investors are provided with material information about New Issues of Securities offered for sale to the public. Also known as the “1933 Act” or the “Securities Act.”
Dive Deeper on State Law Matters
Learn more about the various aspects of state laws and how they intersect with municipal securities.
Law designed to govern the trading of securities in the secondary market.
Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
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Hundreds of Terms and Concepts
A fund maintained to provide security to bondholders that does not exceed the least of (i) 10% of the stated principal amount of the bond issue (issue price if more than a de minimis amount of original issue discount or premium), (ii) the maximum annual principal and interest requirements of the bonds, or (iii) 125%…