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
Issue Price
A term defined in the Code and generally meaning, depending on the context, the dollar price at which a maturity of a bond issue or all of the bond issue was offered to the public by the underwriter.