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.
The third party that executes a Guaranty.
Learn more about the various parties involved in a municipal securities transaction and their roles.
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.
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.