Negotiated Sale

The sale of a New Issue of Bonds by an Issuer through an exclusive agreement with an Underwriter or Underwriting Syndicate selected by the Issuer. A Negotiated Sale is distinguished from a Competitive Sale, which involves a public bidding process for the purchase of the Bonds.

Preparing Bonds

Learn about over various terms and concepts that may arise while preparing a bond issue.

In Contrast With

Competitive Bid / Sale

A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Revenue Fund

A fund into which pledged revenues may be required to be deposited as received and from which disbursements are made to pay allowable operations and maintenance expenses and to meet debt service requirements and deposit requirements to other funds.