bond-basics

Specimen Bond

A Bond which is not authenticated by the Trustee or Paying Agent and which is frequently specifically identified as a Specimen Bond and is provided in the Closing Transcripts.

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Standby Bond Purchase Agreement

An agreement, usually between an issuer (or borrower), a trustee, and a commercial bank, used to guarantee repurchase of bonds that are subject to short call provisions if such bonds are tendered for purchase by the bondholders and not simultaneously remarketed to and purchased by new bondholders.