Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Conduit Bonds
Bonds issued by an Issuer in a Conduit Financing.
All the Bonds
Learn more about the various types of municipal obligations you may encounter.
See Also
Conduit Financing
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
Conduit Issuer
The issuer in a conduit financing.
Conduit Borrower
The private business that either receives the proceeds of the tax-exempt bonds through a loan by the issuer to fund all or a portion of a capital project or leases the facility financed with the proceeds of the tax-exempt bonds.
Start with the Bond Basics
Hundreds of Terms and Concepts
Tax Cuts and Jobs Act (TCJA) of 2017
Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017. The large tax bill passed under reconciliation rules made major changes to the Internal Revenue Code (IRC), including the elimination of tax-exempt advance refunding bonds.