bond-basics

Guarantor

The third party that executes a Guaranty.

Life’s a Party

Learn more about the various parties involved in a municipal securities transaction and their roles.


See Also

Guaranty

A third party’s promise to pay the debt service on the bonds or perform some other obligation, which is the primary obligation of another party.

Hudson Yards Rail Yards

Start with the Bond Basics

Additional Bonds

Bonds which may be issued in the future under the same master indenture, bond resolution/ordinance, and related documentation upon meeting certain conditions designed to ensure that the revenues available to repay the original bonds, any currently outstanding additional bonds, and the proposed additional bonds will be sufficient (the “additional bonds test”).