Series 50: Exercise

Exercise

Match the type of bond with its characteristics

1. 1. _____ Special tax bond
2. 2. _____ Special assessment bond
3. 3. _____ Build America Bond
4. 4. _____ Double-barreled bond
5. 5. _____ Moral obligation bond
6. 6. _____ Certificate of participation
7. 7. _____ TAN
8. 8. _____ RAN
9. 9. _____ TRAN
10. 10. _____ Auction rate securities

Characteristics

1. A. Bond having characteristics of both revenue and GO bonds, but the municipality is not obligated to financially back the bond
2. B. Bond having characteristics of both revenue and GO bonds.
3. C. Revenue bond payable from the proceeds of a special tax that is unrelated to the project being financed
4. D. Note issued by a municipality to finance an upcoming project that has been backed by a revenue bond
5. E. Type of financing in which the investor purchases a share of the lease revenue from a facility
6. F. Bond backed by ad valorem taxes assessed only on those who directly benefit from the facilities
7. G. Note issued by a municipality in anticipation of