bond-basics

Principal

The face amount or Par amount of a Bond, not including interest, payable on its Maturity Date.

See Also

Par Value

The stated or face amount of a bond.

Interest

The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.

Hudson Yards Rail Yards

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State and Local Government Series Securities (SLGS)

Pronounced “slugs,” an acronym for “State and Local Government Series,” which are special United States Treasury securities sold to issuers and conduit borrowers directly by subscription from the Department of the Treasury.