Series 52: Reserve Maintenance Fund

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Reserve Maintenance Fund...

funds allocated as part of a revenue bond issue to help pay for unanticipated maintenance costs incurred as a result of the project.

Since you're reading about Series 52: Reserve Maintenance Fund, you might also be interested in:

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