Authority bond


 

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Authority bond

A bond issued by a government agency or a corporation created to manage a revenue-producing public enterprise. The difference between an authority bond and a municipal bond is that margin protections may be incorporated in the authority bond contract as well as in the legislation that enables the authority.



Authority bond

Similar Matches

Authority

Authority

The concept in technical analysis that a trend in a share price is more meaningful if the number of shares traded (the 'volume') is high. A trend with low volume has less authority.


Local authority investment

Local authority investment

A bond issued by a local authority in order to raise capital for its budget.


Securities and Futures Authority

Securities and Futures Authority

A Self Regulating Organisation (SRO) with responsibility for the regulation of firms engaged in the securities and futures sectors of the financial services market.Companies regulated by the SFA are those engaged in dealing or advising in securities or derivatives including shares, bonds, traded options, corporate finance and futures. A list of authorised firms is published from time to time by the SFA enabling clients to confirm authenticity.All regulatory functions of the SFA have been taken over by the Financial Services Authority as of December 2001.


Budget authority

Budget authority

Broad responsibility by Congress that government agencies have the power to spend federal funds. Congress can specify criteria for the spending of these funds. For example, it may stipulate that a given agency must spend within a specific year, number of years, or any time in the future. The basic forms of budget authority are; appropriations, authority to borrow, contract authority, and authority to obligate and expend offsetting receipts and collections. The period of time during which Congress makes funds available may be specified as one-year, multiple years or no year. The available amount may be classified as either definite or indefinite; a specific amount or an unspecified amount can be made available. Authority may also be classified as current or permanent. Permanent authority requires no current action by Congress.


UK Listing Authority

UK Listing Authority

The body authorised by the FSA that decides on the rules for the listing of public companies, reviews and approves the prospectuses of companies that want to list, and which in consultation with various departments of the London Stock Exchange, enforces those rules.


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