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

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.