bond-basics

Net Proceeds

Proceeds of the Bonds minus amounts used to fund a Reasonably Required Reserve or Replacement Fund.

Preparing Bonds

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

Hudson Yards Rail Yards

Start with the Bond Basics

Negative Pledge

A covenant that is the opposite of a pledge – a promise not to pledge property, generally money or other intangibles, to any party other than the issuer, a letter of credit provider or other intended beneficiary of the negative pledge.