bond-basics

Tax-Advantaged Bonds

Includes Tax-Exempt Bonds, Tax Credit Bonds, and Direct Pay Bonds.


See Also

Tax-Exempt Bonds

A bond, the interest on which is excludable from gross income for federal income tax purposes.

Tax Credit Bond

A taxable bond that provides a tax credit to the holder in lieu of tax-exempt interest.

Direct Pay Bond

A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Closing Memorandum

A narrative form of, or adjunct to, the closing index describing the participants, their roles in the financing, flow of funds on the date of the closing, closing instructions and the documents for which the transaction participants are responsible.