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Arbitrage Bonds
Municipality issued bonds issued intended to gain an interest rate advantage by refunding a higher-rate bond in ahead of their call date. Lower-rate refunding issue proceeds are invested in Treasuries until the first call date of the higher-rate issue.
Copyright © 2000, Campbell R. Harvey
Obligations issued by a state or a political subdivision in contravention of the Internal Revenue Code which results in the obligations becoming taxable.
See also: Consolidated mortgage bond , First mortgage , Monetary policy , Debt equity ratio , Jensen index |
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General INDEX:List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 37.
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