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.

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Term of the Week

Pre-Closing

A meeting of all the parties prior to the closing, often held the day before the closing.