Security
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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Asset Backed Security (“ABS”)
A Security which has the Principal and Interest payable solely from a set of other Securities.
Dive Deeper on State Law Matters
Learn more about the various aspects of state laws and how they intersect with municipal securities.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Inducement Resolution
A resolution adopted by the issuer or the borrower to indicate the preliminary intention to issue the tax-exempt bonds, subject to satisfaction of certain conditions precedent which may be satisfied on or after the adoption of a bond resolution.