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).
bond-basics
Program Investment
Purpose Investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
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Mortgage Revenue Bond
A bond issued by a state, certain agencies or authorities or political subdivisions to make or purchase loans with respect to single-family or multifamily residences.