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.

BREAKING DOWN ‘Bond Resolution’

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.

NOTICE TO INTENDING CUSTOMERS: These posts are for educational purposes and I make them mostly to educate our highly esteemed customers. If you have interest in these posts or interested in doing business with us please send us an email introducing yourself and indicating in which area you think we can work together. We look forward to receiving your email soon.

NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission.

Email: fong@mingfongfinance.biz  |  mingfongfinance@protonmail.com
Telephone: +852 81 75 35 71
Skype:  mingfongfinance

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s