Difference between revisions of "Municipal Note"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
Wiki admin (talk | contribs) |
||
Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
− | '''Municipal Note''' | + | A '''Municipal Note''' is a short-term obligation to repay a specified principal amount on a certain date, together with interest at a stated rate, usually payable from a defined source of anticipated revenues |
Notes usually mature in one year or less, although notes of longer maturities are also issued. | Notes usually mature in one year or less, although notes of longer maturities are also issued. | ||
− | |||
− | |||
− | |||
[[Category:Bonds]] | [[Category:Bonds]] | ||
− | |||
− | |||
− | |||
− |
Latest revision as of 14:02, 24 April 2024
Definition
A Municipal Note is a short-term obligation to repay a specified principal amount on a certain date, together with interest at a stated rate, usually payable from a defined source of anticipated revenues
Notes usually mature in one year or less, although notes of longer maturities are also issued.