B | C | D - E | F - I | L - M | N - P | Q - S | T - Z
Face Amount - The
par value (i.e., principal or maturity value) of a bond.
Obligation - (G.O.) A bond secured by a
pledge of the issuer's "full faith and credit" and, usually,
taxing power. The taxing power may be an unlimited ad valorem
tax or a limited tax, usually on real estate and personal
property. Most states don't tax real estate, but leave that
power to local units of government.
Bond - A bond originally delivered by its
issuer on or after September 1, 1986, with 10% or less of
proceeds subject to private use or benefit.
Hospital Bond - A
debt contract secured by revenue pledged from operations of a
hospital or other healthcare facility project.
Housing Bond - A
debt contract secured by (i) home mortgage repayment revenues
or (ii) tenant rental income, with/without federal subsidy
Bond - A bond secured by lease rental or
sales contract payments from private enterprise, for facilities
financed by a municipality. Pollution control revenue bonds are
a common form of Industrial Revenue Bonds.
Bond - A bond insured as to timely payment
of principal, interest and premium by a private insurer.
Principal insurers include (i) AMBAC Indemnity Corporation
(AMBAC), owned by public investors; (ii) Bond Investor Guaranty
Insurance Company (BIGI), acquired by MBIA in 1989; (iii) FGIC
Corporation, owned by General Electric Capital Corporation;
(iv) FSA, a wholly owned subsidiary of Financial Security
Assurance Holding Ltd., a publicly owned corporation. The firm
merged with San Franciso-based capital Guaranty Corporation in
late 1995; and (v) MBIA Inc., owned by public investors. All of
the insurers carry "triple A" from Moody's ratings and Standard
& Poor's ratings.
Issue - A bond.
Issuer - For municipal
debt obligations, generally a state, political subdivision,
agency or authority that borrows money through the sale of
bonds or notes.