Public purpose bond

 

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Public purpose bond

A 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 Matches

Dual purpose fund

Dual purpose fund

In 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.


Dual purpose fund

Dual purpose fund

A closed-end fund consisting of two classes of shares. The two classes are preferred shares, on which shareholders receive all the dividends and interest from the portfolio, and common shares, on which shareholders receive all the capital gains.


Essential purpose (or function) bond

Essential purpose (or function) bond

See: Public purpose bond


Purpose statement

Purpose statement

A 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.


Private purpose bond

Private purpose bond

A municipal bond allowing more than 10% of the proceeds go to private activities.


Further Suggestions

Purpose credit
Nonpurpose loan
Purpose loan


 
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