bond-basics

Non-Purpose Investments

Investment property other than Purpose Investments.


In Contrast With

Purpose Investment

Investment property acquired to carry out the purpose of a governmental program for which the bonds are issued (i.e., conduit loans, mortgage notes, mortgage-backed securities and student loan obligations).

Hudson Yards Rail Yards

Start with the Bond Basics

Revenue Bond

A bond which is to be repaid from a specific source of revenues, typically those produced by the facility or system for which the bond is issued.