bond-basics

Put Bond

A Bond that gives the bondholder the right to sell, or put, the Bond to the Issuer or some other party, often a remarketing agent, under specific conditions.  Put Bonds are ordinarily put to the Issuer or remarketing agent at 100% of the Par Value of the Bonds

Hudson Yards Rail Yards

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Special Tax Bond

Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.