bond-basics

Amortization

The payment of the Principal of a Bond Issue by periodic payments either directly to bondholders or to a Sinking Fund for the benefit of bondholders.

See Also

Principal

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

Hudson Yards Rail Yards

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Borrower’s Counsel

An attorney or firm of attorneys serving as counsel to the borrower in connection with a conduit financing.