A meeting of all the parties prior to the Closing, often held the day before the Closing. Typically, this is the meeting at which the parties review the documents and most of the documents are executed. Certain receipts may be unexecuted or executed and escrowed with Bond Counsel until the Closing.

See Also


The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Temporary Period

The period of time (often set forth in the tax certificate), during which a particular category of proceeds may be invested in higher yielding investments without the issue being treated as arbitrage bonds under Section 148 of the Code.