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CUSIP Number 

A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…

Small-Issue Bond

A bond that is issued as part of a municipal bond issue not exceeding an aggregate face amount of $10…

General Obligation Bond

A municipal bond in which interest and principal are backed by the full financial resources and creditworthiness of the issuing…

MOPS

It stands for municipal option put security; a municipal fixed income security (e.g., a municipal bond) that comes with a detachable…

Municipal Security

A debt security (e.g., a bond) that is issued by a state or local government to finance specific requirements (public...

Muni

A bond that is issued by a state or local government (municipality) to finance specific requirements (public capital needs) or...

Municipal Bond

A bond that is issued by a state or local government to finance specific requirements (public capital needs) or budget...

Double-Barreled Municipal Bond

A dual currency bond whose interest payment and principal repayment (redemption amount) depend on the exchange rate between two currencies...

Combination Bond

A municipal bond whose principal and interest are payable from project revenues (i.e., a particular revenue source outside the general...

Ability to Pay

Broadly speaking, it is the borrower’s ability to fulfill current and future debt obligations by making timely principal and interest...