A - B | C | D - E | F - I | L - M | N - P | Q - S | T - Z

F

Face Amount - The par value (i.e., principal or maturity value) of a bond.

G

General Obligation - (G.O.) A bond secured by a pledge of the issuer's "full faith and credit" and, usually, taxing power. The taxing power may be an unlimited ad valorem tax or a limited tax, usually on real estate and personal property. Most states don't tax real estate, but leave that power to local units of government.

Governmental Bond - A bond originally delivered by its issuer on or after September 1, 1986, with 10% or less of proceeds subject to private use or benefit.

H

Hospital Bond - A debt contract secured by revenue pledged from operations of a hospital or other healthcare facility project.

Housing Bond - A debt contract secured by (i) home mortgage repayment revenues or (ii) tenant rental income, with/without federal subsidy support.

I

Industrial Revenue Bond - A bond secured by lease rental or sales contract payments from private enterprise, for facilities financed by a municipality. Pollution control revenue bonds are a common form of Industrial Revenue Bonds.

Insured Municipal Bond - A bond insured as to timely payment of principal, interest and premium by a private insurer. Principal insurers include (i) AMBAC Indemnity Corporation (AMBAC), owned by public investors; (ii) Bond Investor Guaranty Insurance Company (BIGI), acquired by MBIA in 1989; (iii) FGIC Corporation, owned by General Electric Capital Corporation; (iv) FSA, a wholly owned subsidiary of Financial Security Assurance Holding Ltd., a publicly owned corporation. The firm merged with San Franciso-based capital Guaranty Corporation in late 1995; and (v) MBIA Inc., owned by public investors. All of the insurers carry "triple A" from Moody's ratings and Standard & Poor's ratings.

Issue - A bond.

Issuer - For municipal debt obligations, generally a state, political subdivision, agency or authority that borrows money through the sale of bonds or notes.