Security
Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
bond-basics
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
Level Debt Service
A maturity schedule in which the combined annual amount of principal and interest payments remains relatively constant over the life of a bond issue.