Series 50: Installment Purchase Agreement (IPA)

Taken from our Series 50 Online Guide

Installment Purchase Agreement (IPA)

An installment purchase agreement is a loan for the purchase of equipment, and it is repaid in pre-determined installments with interest. The interest portion of the repayments is eligible to be tax-exempt.

When an IPA is entered into, the municipalit

Since you're reading about Series 50: Installment Purchase Agreement (IPA), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 50
Please Enable Javascript
to view this content!