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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Blue Sky Laws

State securities laws, which regulate the offering of securities. Although these laws vary from state to state, most contain provisions concerning (a) prohibitions against fraud; (b) regulation of brokers and dealers doing business in the state; and (c) registration of Securities.

Other Terms