bond-basics

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

Reasonably Required Reserve or Replacement Fund

A fund maintained to provide security to bondholders that does not exceed the least of (i) 10% of the stated principal amount of the bond issue (issue price if more than a de minimis amount of original issue discount or premium), (ii) the maximum annual principal and interest requirements of the bonds, or (iii) 125%…