Security
Any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
bond-basics
Bond
Evidence of the borrowing by an Issuer and a debt instrument for tax purposes. Each Bond is an agreement on the part of an Issuer to repay the Principal of the Bond in certain amounts and at a specified time or times and to pay Interest from the Dated Date of the Bond to the day it Matures or is redeemed.
All the Bonds
Learn more about the various types of municipal obligations you may encounter.
See Also
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
Start with the Bond Basics
Hundreds of Terms and Concepts
Escrow Fund
Trust account established in the escrow deposit agreement that holds cash, investments, usually obligations of the federal government or, sometimes, federal agencies, or both, all of which are pledged to the payment of the debt service of the refunded bonds.