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State and local government series (SLUGs) |
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State and local government series (SLUGs)Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily.State and local government series (SLUGs) Similar MatchesGovernment bondGovernment bondSee: Government securities Lehman Brothers Government or Corporate Bond IndexLehman Brothers Government or Corporate Bond IndexA benchmark index made up of the Lehman Brothers® Government and Corporate Bond indexes, including U.S. government Treasury and agency securities as well as corporate and Yankee bonds. Government sponsored enterprisesGovernment sponsored enterprisesPrivately owned, publicly chartered entities, such as the Student Loan Marketing Association, created by Congress to reduce the cost of capital for certain borrowing sectors of the economy including farmers, homeowners, and students. Government insured mortgageGovernment insured mortgageLoans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Government procurementGovernment procurementPurchase of goods and services by government and by state-owned enterprises. Transparency in government procurement is one of the Singapore Issues. Further SuggestionsGovernment procurement practiceGnma (government National Mortgage Association) Options British government stock Government National Mortgage Association (Ginnie Mae) Non-governmental organization Government securities Lehman Brothers Government Bond Index Salomon Brothers Non US Dollar World Government Bond Index FT Government Securities Government obligations Government National Mortgage Association Governments United States government securities |
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