Terms

DEFINITION:A GASB 87 lease is any lease that must be recorded on a lessee’s … Read more

DEFINITION:A floating-rate note (FRN) is a debt security with a variable interest rate tied … Read more

DEFINITION:For a complex transaction such as an advance refund, the verification agent’s job is … Read more

DEFINITION: The escrow agent is responsible for ensuring all financial obligations are fulfilled and … Read more

DEFINITION:The interest rate basis is the date count methodology used when calculating interest. Different … Read more

DEFINITION:Variable-rate debt is a long-term loan or bond with interest rates that reset on … Read more

DEFINITION:A bond is a type of fixed-income security that represents a loan made by … Read more

DEFINITION:A public sale is the process of selling securities to the community in general … Read more

DEFINITION:A serial bond is a debt security that is payable at various intervals throughout … Read more