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

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.

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.

Hudson Yards Rail Yards

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Useful Life

An accounting estimate of the number of years it is likely for an asset to remain in service for the purpose of cost-effective revenue generation.