Non-Purpose Investments
Investment property other than purpose investments.
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
Investment property other than purpose investments.
Purpose investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
The payment of the principal of a bond issue by periodic payments either directly to bondholders or to a sinking fund for the benefit of bondholders.