Non-Purpose Investments
Investment property other than purpose investments.
bond-basics
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).
See Also
Program Investment
Purpose investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
Start with the Bond Basics
Hundreds of Terms and Concepts
Principal
The face amount or par amount of a bond, not including interest, payable on its maturity date.