bond-basics

Acceleration

A remedy sometimes available under an Indenture, Bond Resolution or other financing document which permits the Trustee or bondholder to declare all future payments of Principal immediately due and payable after the occurrence of certain specified Events of Default.


See Also

Principal

The face amount or par amount of a bond, not including interest, payable on its maturity date.

Default

Breach of a covenant, promise or duty imposed by the bond, bond resolution/ordinance, an indenture or other financing document.

Hudson Yards Rail Yards

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Verification Agent

A certified public accountant or a firm of certified public accounts engaged for preparing the verification report.