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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Tax Cuts and Jobs Act (TCJA) of 2017

Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017. The large tax bill passed under reconciliation rules made major changes to the Internal Revenue Code (IRC), including the elimination of tax-exempt advance refunding bonds.