Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
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Accrued Interest
The dollar amount of Interest due on a Bond, computed at that Bond’s Interest Rate, from the last Interest Payment Date to the date of calculation.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
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Start with the Bond Basics
Hundreds of Terms and Concepts
Special Assessment
A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.