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Public purpose bond |
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Public purpose bondA specific type of municipal bond used to finance public projects such as roads or government buildings. Interest on municipal bonds is federal income tax-free.Public purpose bond Similar MatchesDual purpose fundDual purpose fundIn the US, a closed end fund with a limited life and two main classes of shares. Holders of preferred shares receive all the income. Common shareholders receive all the fund's assets at expiry after preferred shareholders have been paid their fixed redemption price. Similar to a split capital investment trust in the UK. Essential purpose (or function) bondEssential purpose (or function) bondSee: Public purpose bond Purpose statementPurpose statementA form filed by a borrower that describes the use of a loan backed by securities, and guarantees that the funds lent will not be used illegally to buy securities against Federal Reserve regulations. Purpose loanPurpose loanA loan that is backed by securities and that is used to buy other securities under certain government regulations. Nonpurpose loanNonpurpose loanA loan with securities pledged as collateral, but which is not to be used in securities trading or transactions. Further SuggestionsPurpose creditPrivate purpose bond Dual purpose fund |
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