bond-basics

Flow of Funds

A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an Indenture or a Bond Resolution and may also refer to a document prepared by an Underwriter or Municipal Advisor to show the sources and deposits at the Closing.


See Also

Hudson Yards Rail Yards

Start with the Bond Basics

Debt Service

The amount of principal and interest required to be paid on an issue of bonds.