Underwriter
A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
bond-basics
Commission
A form of remuneration received by a broker, dealer or dealer bank purchasing or selling Bonds when acting as agent for a customer. The Commission is typically a charge to the customer of a set fee per Bond.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Debt Service Reserve Fund
The fund established as a reserve for payment of debt service on revenue bonds in the event there is insufficient money to make a debt service payment.