Call Provisions
Provisions in a bond that permit or require an issuer to prepay or redeem bonds before the stated maturity date. Such provisions are found in an Indenture or the bond resolution under “redemption.”
bond-basics
Millage or Mill
Millage is the percentage of value of property that is used in calculating Taxes. A mill is defined as 1/10 of 1 percent and is multiplied by the assessed value after any exemptions have been subtracted to calculate the taxes.
Dive Deeper on Tax Issues
Learn more about how various aspects of tax law intersect with municipal securities.
