The Build America Bonds (BABs) were taxable municipal bonds that provided federal tax breaks or subsidies for state and local government bondholders or issuers.
The Build America Bonds program expired in 2010.
The federal government introduced Build America (BAB) bonds to ensure that local municipalities and counties can raise much-needed capital during a recession.
In general, there were two different types of VABs: tax credits and VABs with direct payments.
Hospital Income Bonds are a type of municipal bond that finances the construction of new facilities or the modernization of existing hospitals and is backed by the income that hospitals earn in the normal course of business.
Housing Authority bonds or housing bonds are issued by state or local governments to finance the construction or renovation of affordable rental housing.
Housing bonds are debt securities, a type of municipal income bond issued by state or local governments to raise funds for affordable housing development projects.
Industrial Revenue Bonds (IRBs) are a type of municipal bond issued by a state or local government on behalf of a private company for a specific project.
Underlying debt is a term referring to municipal bonds that reflects the implicit understanding that the debt of smaller government entities can be secured by the creditworthiness of larger government entities.
Unrestricted tax bonds are municipal bonds guaranteed by the full faith and trust of the government, which can collect taxes until the debt is paid off.
A utility income bond is a type of municipal bond issued to fund a public utility project where investors receive payments directly from project revenues.
The Bank Note Swap Rate (BBSW) is a short-term interest rate used as a benchmark for valuing Australian dollar derivatives and securities, primarily floating rate bonds.
A basis point is a standard measure of interest rates and other percentages in finance.
– One basis point is equal to 1/100th of 1%, or 0.01% (and 0.0001 in decimal).