Meaning PRIVATE-PURPOSE BOND: A municipal bond allowing more than 10% of the proceeds go to private activities
More terms such as Private-purpose bond in Dictionary P.
- Definition Price Momentum:
- Examples Related: Relative strength private-purpose bond definition.
- Definition Profitability Index:
- Examples The present value of the future cash flows divided by the initial investment. Also called the benefit-cost ratio private-purpose bond explain.
- Definition Purchasing Power:
- Examples The amount of credit available for securities trading in a margin account, after taking margin requirements into consideration private-purpose bond what is.
- Definition Payable Through Drafts:
- Examples payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft to the payer, which private-purpose bond meaning.
- Definition Prime Rate:
- Examples The interest rate at which banks lend to their best (prime) customers. More often than not, a bank's most creditworthy customers borrow at rates below the prime rate private-purpose bond abbreviation.
