Inventory of bonds distributed by a holder or municipal securities dealer in order to obtain bids.

(1) A repricing of a new issue of municipal securities, although in some cases a restructuring involves more significant modifications to the structure of the new issue than a typical repricing, inclu [..]

See: FLOW OF FUNDS – Revenue Fund.

See: TENDER OPTION.

A provision of a lease that relieves a lessee of the obligation to make lease payments in the event that the leased property cannot be utilized (e.g., because of construction delays, property damage o [..]

A provision present in many bond contracts providing that the unpaid principal becomes immediately due and payable upon the occurrence of one or more specified events of default, either events that au [..]

The risk to an investor that a lessee in a certificate of participation or lease rental bond financing might not occupy a newly constructed or renovated facility (and thereby might not begin making le [..]

See: COMPOUND ACCRETED VALUE.

The process by which an increment of value is added, actually or theoretically, to an asset. See: CAPITAL APPRECIATION BOND. Compare: AMORTIZATION.

An accounting process by which the book value of a security purchased at a discount from par is increased during the security’s holding period. The accretion reflects the increase in the security’s va [..]