Bond Resolution

Bond Resolution
1. A document used with government bonds, especially general obligation bonds, to allow bonds to be issued and sold for a specific purpose and to define the rights and responsibilities of each party to a bond contract (the issuer and the bondholder). The bonds represent money loaned and entitle the holder to interest payments and the return of principal.

2. A ballot measure that allows voters to approve or deny the issuance and sale of new bonds for a stated purpose. This type of bond resolution should describe the nature and location of the project to be financed and the project's maximum potential cost.

1. A bond resolution describes how much interest and principal will be paid to bondholders and when, how payments will be made, how bonds may be redeemed and what happens in the event of default. It also describes how the bond funds may be used. Sometimes, such as with revenue bonds, a bond indenture is used instead of a bond resolution to define the legal terms of the bond issue and its financing.

2. For example, a bond resolution might authorize a municipality to issue $10 million in revenue bonds to build a new school.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • resolution — A document that records a decision or action by a Board of Directors, or a bond resolution by a government entity authorizing a bond issue. Bloomberg Financial Dictionary * * * resolution res‧o‧lu‧tion [ˌrezəˈluːʆn] noun 1. [countable] an… …   Financial and business terms

  • Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …   Wikipedia

  • Resolution Trust Corporation — The Resolution Trust Corporation (RTC) was a United States Government owned asset management company charged with liquidating assets (primarily real estate related assets, including mortgage loans) that had been assets of savings and loan… …   Wikipedia

  • Resolution class submarine — The Resolution class submarine armed with the UGM 27 Polaris missile was Great Britain s primary nuclear deterrent from the late 1960s to 1994, when they were replaced by the Vanguard class submarine carrying the Trident… …   Wikipedia

  • House concurrent resolution 50 — (or HCR50) is a joint resolution of the 2007 Regular Session of the Hawaii State Legislature, introduced on February 23, 2007 by state representatives Gene Ward, Karen Awana, Rida Cabanilla, Lynn Finnegan, Barbara Marumoto, Colleen Meyer,… …   Wikipedia

  • Hydrogen bond — A hydrogen bond results from a dipole dipole force between an electronegative atom and a hydrogen atom bonded to nitrogen, oxygen or fluorine (thus the name hydrogen bond , which must not be confused with a covalent bond to hydrogen). The energy… …   Wikipedia

  • Grand Bond En Avant — République populaire de Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

  • Grand Bond en Avant — République populaire de Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

  • Grand Bond en avant — Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

  • Grand bond en avant — République populaire de Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”