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

Security

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

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Hundreds of Terms and Concepts

Due Diligence

A term referring to the inquiries and review conducted by either the underwriter and underwriter’s counsel or bond counsel or special tax counsel in connection with the issuance of bonds.