Series 52: Tender Option Bond

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Tender Option Bond...

a bond that provides the bondholder with the right to surrender the bonds to the issuer at a predetermined price (usually par).

Since you're reading about Series 52: Tender Option Bond, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!