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

Accredited Investor

An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Average Life

Number of years to the point at which half of the principal of the bond will have been retired, which in turn gives an indication as to how fast the principal is expected to amortize.