BOND BUYER 11
Average yield of 11 chosen general obligation municipal bonds, holding an AA rating and 20-year maturity, over a specific trading day. It is made up of 11 out of 20 bonds in the Bond Buyer 20. Released by The Bond Buyer, it serves as a benchmark to trail municipal bond yields. Also called 11 Bond Index.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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