bond-basics

Master Trustee

A Trustee specifically acting in such capacity with respect to a Master (Trust) Indenture.

Life’s a Party

Learn more about the various parties involved in a municipal securities transaction and their roles.


See Also

Master (Trust) Indenture

A type of indenture which permits the issuance from time to time of one or more series of bonds under the same indenture in addition to the initial series of bonds.

Hudson Yards Rail Yards

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Flow of Funds

A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an indenture or a bond resolution and may also refer to a document prepared by an underwriter or municipal advisor to show the sources and deposits at the closing.