Notice of Sale

The notice published by an Issuer to advertise an upcoming sale of Bonds in a Competitive Sale. A Notice of Sale generally contains the date, time and place of sale, the Principal amount (and Maturity schedule), a description of the Bonds, the security pledged for the repayment of the Bonds, the amount of any Good Faith Deposit, the basis of award, the name of Bond Counsel, method of delivery and time and place of delivery.

See Also

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

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Term of the Week

Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.