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).

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New Issue

Bonds offered to the public for the first time and often called the “initial offering.”