Trustee
A commercial bank or trust company with trust powers which acts in a fiduciary capacity for and on behalf of the bondholders by entering into an indenture with the issuer of the bonds.
bond-basics
Bond Trustee
A Trustee specifically acting in such capacity with respect to an Indenture or Trust Indenture/Agreement.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Indenture or Trust Indenture/Agreement
A contract between an issuer and a trustee under which the issuer issues bonds and specifies their maturities, interest rates, redemption provisions, form, exchange provisions, security and other terms.
Start with the Bond Basics
Hundreds of Terms and Concepts
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.