Denomination
The incremental par amount established for a bond issue at which the bonds may be purchased.
bond-basics
Minimum Denomination
The lowest denomination of Bond that can be purchased as authorized by the Bond documents. Typically, Bonds have a Minimum Denomination of $5,000, but some Issuers may impose a higher Minimum Denomination, most commonly in the amount of $100,000.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Borrower
The party, often called a conduit borrower or conduit obligor, borrowing bond proceeds from the issuer and, in such case, is responsible for making interest payments and repaying principal of the bonds as it becomes due.