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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

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Debt Service Reserve Fund

The fund established as a reserve for payment of debt service on revenue bonds in the event there is insufficient money to make a debt service payment.