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.

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Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.

Hudson Yards Rail Yards

Start with the Bond Basics

Governmental (Purpose) Bonds

Bonds issued by an issuer to finance all or a portion of its own project and that do not satisfy both the Private Business Tests and the Private Loan Financing Test.