Another name for a UCC form, filed in the state and/or county where the security for the repayment of the bonds is located or the transaction is taking place, which may be required to perfect a security interest in certain property and revenues.
The amount, if any, required to be paid to the issuer by the underwriter at the time the bonds are sold, which serves as the amount retained by the Issuer as compensation for any damages caused to the issuer by the underwriter failing to purchase the bonds at the closing.