Level debt service serial bonds

To use a system of transportation planning and management that establishes a safe and efficient transportation system. Page 9 provides additional data on the Level Debt Service scenario. Kennedy L Luxembourg Grand Duchy of Luxembourg You are receiving this communication because you hold shares in the company named above. Subject to the provisions of Clause Sample 1. Annual Debt Service as of any date means the maximum amount which is expensed in any month period for interest on Debt of the Company and its Subsidiaries, excluding amortization of debt discounts and deferred financing costs.

Debt Service means, with respect to any particular period of time, the scheduled principal and interest payments due under this Agreement and the Note.

Annual Debt Service Charge as of any date means the amount which is expensed in any month period for interest on Debt of the Company and its Subsidiaries.

Personal Finance. Your Practice. Popular Courses. Bonds Fixed Income Essentials. What Is a Serial Bond? Key Takeaways A serial bond is a multiple debt issue that matures at staggered intervals before all segments finally mature. Each maturation segment in the serial bond is issued concurrently, with the terms of the repayment schedule spelled out in the offering prospectus.

Serial bonds do not utilize sinking funds, and instead rely on the revenues generated from the project that the bond is used to fund, making them popular for certain municipal bonds. Compare Accounts.

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Investopedia does not include all offers available in the marketplace. Related Terms Term Bond Term bonds mature on a specific date in the future and the bond face value must be repaid to the bondholder on that date. A sinking fund call is a provision allowing a bond issuer to buy back its outstanding bonds at a pre-set price.

Escrowed to Maturity Escrowed to maturity refers to the placement of funds from a new bond issue into an escrow account to pay off an older bond's payments until it matures. What Is a Bond? A bond is a fixed-income investment that represents a loan made by an investor to a borrower, ususally corporate or governmental. How Bond Valuation Works Bond valuation is a technique for determining the theoretical fair value of a particular bond.

What Is Call Risk? Call risk is the risk faced by a holder of a callable bond that a bond issuer will redeem the issue prior to maturity. Partner Links. Related Articles. Fixed Income Essentials Bond Basics. Investopedia is part of the Dotdash publishing family. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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