Not exact matches
a municipal
bond that is secured by an escrow fund; the escrow fund
comes from the issuer floating a second
bond issue and using the proceeds from that second
bond issue to purchase government
obligations, typically U.S. Treasuries, proceeds from the second
bond issue create an escrow fund to mature at the first call date of the first
bond issue to pre-refund that issue;
bond issuers will typically do this during times of lower interest rates to lower their interest costs
And the
bond formed between parents and children does in fact bind; with it
come obligations.
Munis
come in two types: general
obligation (GO)
bonds and revenue
bonds.
A corporate
bond also
comes with the risk that the company will not make good on its
obligations, known as credit risk.
a municipal
bond that is secured by an escrow fund; the escrow fund
comes from the issuer floating a second
bond issue and using the proceeds from that second
bond issue to purchase government
obligations, typically U.S. Treasuries, proceeds from the second
bond issue create an escrow fund to mature at the first call date of the first
bond issue to pre-refund that issue;
bond issuers will typically do this during times of lower interest rates to lower their interest costs