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Articles / TULARC / Investing / Bonds / |  |
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Glossary of Bond Terms: A-D |
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This article is from the Investing Articles: Bonds series.
These are used for developments within a particular district. These bonds are secured by special assessment taxes set at a fixed dollar amount for the life of the bond. 1911 Act Bonds are secured by individual parcels. 1915 Act Bonds are secured by all properties within the district.
A tax based on the value of the property
The replacement of debt prior to the original call date via the issuance of refunding bonds.
A bond secured by the lease between the authority and another agency. The lease payments from the "city" to the agency are equal to the debt service.
Short term securities issued in anticipation of a larger bond issue. The government may wish to combine several of these smaller issues into one large issue.
A bond that can be redeemed by the issuer prior to its maturity. Usually a premium is paid to the bond owner when the bond is called.
Financing whereby an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. Usually issued by authorities through which capital is raised and lease payments are made. The authority usually uses the proceeds to construct a facility that is leased to the municipality, releasing the municipality from restrictions on the amount of debt that they can incur.
A bond which is convertible into common stock
The ratio or price at which a corporation will sell stock to the convertible bond or convertible preferred security holder.
The revenue stream originally pledged to secure the securities being refunded continues to be used topay debt service on the refunded securities until they mature or are called. At that time, the pledged revenues pay debt service on the refunding securities.
A bond that is valued at less than its face amount.
Bonds secured by the pledge of two or more sources of repayment.
Continue to:
bonds, convertible bonds, federal funds, glossary, foreign currency, municipal, government, savings, tax exempt, yeilds, US Treasure bonds, financial information, investing, investment tools, reference
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