Option Bonds definition
Examples of Option Bonds in a sentence
Bonds of a Series may be Current Interest Bonds, Variable Rate Bonds, Capital Appreciation Bonds, Option Bonds or any combination thereof and may be secured by a Credit and/or Liquidity Facility, all as shall be provided in the Supplemental Indenture authorizing the issuance of such Series of Bonds.
The Bonds permitted to be issued under the Resolution include Capital Appreciation Bonds, Deferred Income Bonds, Option Bonds and Variable Interest Rate Bonds.
Designates all types of bonds, with fixed, variable, revisable, floating, minimal, maximal, indexed or zero coupons, including Convertible, Exchangeable, or Option Bonds, and all other similar debt securities.
It is calculated by dividing the sum of the fund’s leverage (includes Preferred Shares, Loans, Lines of Credit, Notes Payable/Commercial Paper, Tender Option Bonds, Reverse Repurchase Agreements, Securities Lending and Dollar Rolls) by the fund’s Total Assets.3 1940 Act Leverage Ratio is a measure of how leveraged the fund is by the use of instruments classed as leverage under the 1940 Investment Company Act.
A strong U.S. role is necessary to bridge this divide and jump- start negotiations.