Tag: municipal

DefinitionYield burning is a form of financial fraud involving the United States municipal bond market. Yield Burning What is 'Yield Burning' The...

What is 'Parity Bond' Two or more bond issues with equal rights to one another. In other words, a parity bond is...

What is 'Variable Rate Demand Bond' A bond with floating coupon payments that are adjusted at specific intervals. The bond is payable...

What is 'Variable Rate Demand Note - VRDN' A debt instrument that represents borrowed funds that are payable on demand and accrue...

Water Quality Improvement Act Of 1970 What is 'Water Quality Improvement Act Of 1970 ' Legislation that expanded the federal government's...

What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...

What is 'Tax Arbitrage' The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of...

DefinitionA tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are...

What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate...

What is 'Dated Date' The date at which interest begins to accrue on a fixed-income security. Investors who purchase a fixed-income security...