Sentences with phrase «revenue obligation bonds»

Not exact matches

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual deficits or failures in revenue occur, and providing the means of addressing budgetary shortfalls.»

The La Mesa bond is also a general obligation bond backed by taxes, which is safer than a revenue bond backed by the performance of the asset e.g. train fares.

The $ 3 million project will be funded through general obligation bonds that are paid off by revenues from the facility.

It has a permanent tax base, so in theory it can time - shift its debt obligations indefinitely - without even reducing the bond - rating by simply shifting the ratio of revenue spent on debt servicing versus every other obligation.

Munis come in two types: general obligation (GO) bonds and revenue bonds.

Overall, general obligation bonds have underperformed revenue bonds over the last five years of low rates.

General obligation bonds General partner General securities firms Glass - Steagall Act of 1939 GNMA Good delivery Good - faith deposit Good - faith margin account Good»Til Cancelled (GTC) order Government bond Government National Mortgage Association Government securities principal Green shoe offering Gross investment income Gross - revenue pledge Group net order Group sales GTC order

Some bond investors consider general obligation (GO) munis to be safer than revenue bonds because GOs are backed by the full taxing power and creditworthiness of the government entity issuing them.

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

The debate over which sector of municipal bonds, general obligation bonds (G.O.'s) or revenue bonds can provide a better return is a constant one.

The most common types of municipal bonds are general obligation bonds and revenue bonds.

MBIA Corp. issues financial guarantees for municipal bonds, asset - backed and mortgage - backed securities, investor - owned utility bonds, bonds backed by publicly or privately funded public - purpose projects, bonds issued by sovereign and sub-sovereign entities, obligations collateralized by diverse pools of corporate loans and pools of corporate and asset - backed bonds, and bonds backed by other revenue sources such as corporate franchise revenues, both in the new issue and secondary markets.

MBIA issues financial guarantees for municipal bonds, asset - backed and mortgage - backed securities, investor - owned utility bonds, bonds backed by publicly or privately funded public - purpose projects, bonds issued by sovereign and sub-sovereign entities, obligations collateralized by diverse pools of corporate loans and pools of corporate and asset - backed bonds, and bonds backed by other revenue sources such as corporate franchise revenues, both in the new issue and secondary markets.

The Index tracks general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds rated Baa3 / BBB - or higher by at least two of the ratings agencies: Moody's, S&P, Fitch.

While revenue bonds have a larger foot print by par amount outstanding in the municipal bond market, general obligation bonds remain an integral component of the financing of infrastructure.

The Index tracks general obligation, revenue, insured and pre-refunded bonds with a minimum credit rating of Baa by Moody's.

The index tracks general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds rated Baa3 / BBB - or higher by at least two of the ratings agencies: Moody's, S&P, Fitch.

The strategy may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds and municipal lease participations.

The other is the general obligation bond, which is backed by the credit of the issuing jurisdiction, rather than the revenue from a specific project.

Municipal Bond Risk (Municipal Bond Fund only): The value of municipal bonds that depend on a specific revenue source or general revenue source to fund their payment obligations may fluctuate as a result of changes in the cash flows generated by the revenue source (s) or changes in the priority of the municipal obligation to receive the cash flows generated by the revenue source (s).

The Fund primarily purchases general obligation and pre-refunded bonds issued for any purpose as well as certain revenue bonds.

For the most part, however, because enforcing debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned corporations whose debts can only be collected out of the corporation's assets and revenues, and (5) avoidance of trade credit obligations by paying bills in cash.

It enables any player of cryptoeconomy to invest by purchasing insurance bonds and receiving passive revenue in the form of coupon payments for obligations in exchange for taking risks in case insured events occur.

Real estate taxes are the largest contributor to New York City's revenue and the primary source of funds that back its $ 40 billion in outstanding general - obligation bonds.