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.
Unrestricted tax bonds may have a higher credit rating and offer a lower yield than other comparable municipal bonds with the same maturity.
Unlimited tax bonds can only be created when taxpayers vote to approve a bond issue, which is a sign of demand for bonds.
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.
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 Build America Bonds (BABs) were taxable municipal bonds that provided federal tax breaks or subsidies for state and local government bondholders or issuers.
Hard call protection or absolute call protection is a condition of a callable bond, according to which the issuer cannot exercise the call and redeem the bond before a specified date, usually three to five years from the date of issue.
A harmless warrant is a provision that requires the holder of a bond to return the bond to the issuer if he buys another bond with similar terms from the same issuer.
The high yield bond spread, also known as the credit spread, is the difference between the yield on a high yield bond and a benchmark bond such as an investment grade or treasury bond.