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).
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.