bond-basics

Useful Life

An accounting estimate of the number of years it is likely for an asset to remain in service for the purpose of cost-effective revenue generation. The Internal Revenue Service (IRS) employs Useful Life for various purposes applicable to Tax-Exempt Bonds.

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Hundreds of Terms and Concepts

State and Local Government Series Securities (SLGS)

Pronounced “slugs,” an acronym for “State and Local Government Series,” which are special United States Treasury securities sold to issuers and conduit borrowers directly by subscription from the Department of the Treasury.

Useful Life

Start with the Bond Basics

Hundreds of Terms and Concepts

State and Local Government Series Securities (SLGS)

Other Terms

Lender’s Counsel

Original Issue Discount (“OID”)

Issuer