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.
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
Term of the Week
Securities Act of 1933
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.