Debt Service
The amount of principal and interest required to be paid on an issue of bonds.
bond-basics
Bona Fide Debt Service Fund
A fund used primarily to achieve a proper matching of revenues and Debt Service within each Bond Year that is depleted at least once each Bond Year except for a reasonable carryover amount that does not exceed the fund earnings for the immediately preceding Bond Year or 1/12 of the Debt Service for the immediately preceding Bond Year.
See Also
Bond Year
For tax purposes, a twelve-month period which ends on a date selected by the issuer for the purpose of the arbitrage rules.
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Hundreds of Terms and Concepts
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.