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

Indenture or Trust Indenture/Agreement

A contract between an issuer and a trustee under which the issuer issues bonds and specifies their maturities, interest rates, redemption provisions, form, exchange provisions, security and other terms.