Series 53: Request For Proposal (RFP)

Taken from our Series 53 - MSRB Municipal Securities Principal Qualification Exam

Definition of the term Request For Proposal (RFP)...

a request in which an issuer solicits the services of an underwriter for a particular issuance of municipal securities. In responding to a request for proposal, the underwriter may give advice or make recommendations about the issuance of a municipal bond without being categorized as a municipal advisor.

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