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
Shamberg Powers
The powers identified in Commissioner v. Shamberg’s Estate, 144 F.2d 998 (2d Cir. 1944) as the powers used to identify what is a political subdivision of a state or local governmental entity in the United States, specifically, the power of eminent domain, the power to tax, and the police power.