bond-basics

Non-Investment Grade Bonds

High-risk debt Securities with low Ratings, if any.


See Also

Rating

A judgment by a rating agency as to the credit quality of a bond.

Hudson Yards Rail Yards

Start with the Bond Basics

Reimbursement

Use of bond proceeds to pay project costs prior to the issuance of bonds. Reimbursement raises questions related to whether the reimbursement qualifies as an expenditure of tax-exempt bond proceeds for federal income tax purposes.