Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
A letter from a purchaser of Bonds in a Private Placement typically acknowledging any transfer restrictions applicable to the Bonds and attesting to the purchaser’s eligibility to purchase the Bonds.
Learn more about the various documents involved in a municipal securities transaction.

The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.