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.
The most common type of refunding in which the proceeds, together with interest earnings thereon, are structured to produce sufficient funds to pay the principal, interest, and other expenses on the refunded bonds.