- public-purpose bond
- A specific type of municipal bond used to finance public projects such as roads or government buildings. Interest on municipal bonds is federal income tax-free. Bloomberg Financial Dictionary
Financial and business terms. 2012.
public-purpose bond
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Public Purpose Bond — This type of bond is used by municipalities to finance public works facilities and improvements. However, the vast majority of the benefit provided by the project being financed by a public purpose bond must be directed at the public at large,… … Investment dictionary
Private Purpose Bond — A type of municipal bond that is issued to finance a project for which at least 10% of the benefit will go to a private sector entity. Municipal bonds are usually associated with tax free income. However, the Tax Reform Act of 1986 requires… … Investment dictionary
essential purpose bond — See: public purpose bond … Financial and business terms
Public benefit corporation — A public benefit corporation is a public corporation chartered by a state designed to perform some public service. A public authority is a type of public benefit corporation that takes on a more bureaucratic role, such as the maintenance of… … Wikipedia
Public/social/private partnership — Public/social/private partnerships are methods of co operation between private and government bodies.BackgroundModels of cooperation between the market and the state: examples from AustriaThe name “public social private partnership” (PSPP) is a… … Wikipedia
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
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
Public-private partnership — (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3.In some types of PPP … Wikipedia
essential purpose or function bond — See: public purpose bond … Financial and business terms
essential function bond — See: public purpose bond … Financial and business terms
