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What are bonds? A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When you buy a bond, you are lending to the issuer, which may be a government, municipality, or corporation.
What is an additional bond test?
Additional Bond Test is an income test, which ascertains that revenues must meet certain levels to allow the sale of additional bonds against the financed facility. A provision in the trust indenture of an open end revenue bond. It is a financial statement that a company must issue before making a new issue of a bond.
What is a subsequent bond?
Related Definitions Subsequent Bond means any Bonds issued after the First Issue Date on one or more occasions.
What does additional bond mean?
Additional Bond or Additional Note shall mean any bonds or notes issued to finance the completion of the Project or to refund the Bond or any Additional Bonds or Additional Notes, secured by rent from the lease of the Leased Property under a Supplemental Lease Agreement on a parity basis with the Bond and any other
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A bond is always bound to a player when it has not been redeemed or traded to another player. It is always kept on death, even when inside the Wilderness.
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