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.
A Trustee specifically acting in such capacity with respect to a Master (Trust) Indenture.
Learn more about the various parties involved in a municipal securities transaction and their roles.
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.
One of the tests used in establishing whether a bond is a private activity bond (PAB) for tax purposes. The private loan financing test specifically determines whether more than $5 million or 5% of the proceeds of a bond issuer are used to directly or indirectly finance loans to one or more non-governmental persons.