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.
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
Start with the Bond Basics
Hundreds of Terms and Concepts
Net Proceeds
Proceeds of the bonds minus amounts used to fund a reasonably required reserve or replacement fund.