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A ratio comparing the net value of a municipal bond issue to the estimated market value of the property secured by the debt. This ratio can differ signific[阅读全文:]
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A provision in a municipal bond issue that requires the issuing municipality to use net revenues (revenues left after expenses) from the project being f[阅读全文:]
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The NYSE requirement that all orders for nine bonds or less be sent to the floor for one hour, in which time a market is sought. The rule doesn't apply if[阅读全文:]
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When the shape of a bond's yield curve is concave. A bond’s convexity is the rate of change of its duration, and is measured as the second derivativ[阅读全文:]
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A bond covenant preventing certain activities, unless agreed to by the bondholders. Negative covenants are written directly into the agreement creating the[阅读全文:]
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A regulating body that creates rules and policies for investment firms and banks in the issuing and sale of municipal bonds, notes and other municipal secu[阅读全文:]
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The difference in yields between a municipal bond and a Treasury bond with the same time to maturity. The MOB is sometimes used for determining tax st[阅读全文:]
A newswire service for municipal bonds that provides information on new municipal bond issues in the primary market and secondary market.
|||This ne[阅读全文:]
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An agreement between federal and state and local taxing authorities mandating mutual exclusion in taxation of interest. The interest paid on any security i[阅读全文:]
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A certificate issued by a local or municipal authority for the purpose of funding a public works project. This type of obligation is financed by an tax ass[阅读全文:]