Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Security
Any note, stock, treasury stock, Bond, debenture, evidence of indebtedness, certificate of interest or evidence of any participation in any profit-sharing agreement.
See Also
Securities Act of 1933
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.
Securities Exchange Act of 1934
Law designed to govern the trading of securities in the secondary market.
Start with the Bond Basics
Hundreds of Terms and Concepts
Volume Cap
A requirement contained in Section 146 of the Code that private activity bonds (PAB) (with certain exceptions) issued as tax-exempt bonds obtain an allocation of volume cap from the state in which the project is located prior to the issuance of the bonds.