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).

Hudson Yards Rail Yards

Start with the Bond Basics

Term of the Week


A meeting of all the parties prior to the closing, often held the day before the closing.