Accredited Investor
An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.
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Institutional Investors
Banks, insurance companies, pension funds and other institutions meeting SEC requirements who buy Bonds.
Dive Deeper on State Law Matters
Learn more about the various aspects of state laws and how they intersect with municipal securities.
See Also
Qualified Institutional Buyer (“QIB”)
An investor satisfying the definition promulgated by the SEC in Rule 144A under the 1933 Act.
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Hundreds of Terms and Concepts
Conduit Borrower
The private business that either receives the proceeds of the tax-exempt bonds through a loan by the issuer to fund all or a portion of a capital project or leases the facility financed with the proceeds of the tax-exempt bonds.