bond-basics

Facsimile Signature

A copy of an authorized officer’s signature which is reproduced on the Bonds or in the Offering Document. Sometimes an Issuer’s seal may also be reproduced as a facsimile; the relevant procedures for ensuring the authenticity of the facsimile seal are set out in the applicable state law.


See Also

Offering Document

The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds. 

Hudson Yards Rail Yards

Start with the Bond Basics

Direct Pay Bond

A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.