Advance Refunded Bonds:
Bonds whose debt service is paid by escrowed funds. Also called Prerefunded Bonds.
Escrow:
Money or securities held by a third party until conditions of a contract are met.
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Learn more about finance terms at Investopedia
Annuitant: An investor who receives fixed or variable annuity payments. Annuitize: An investor’s decision to end the accumulation period and begin receiving periodic payments from an annuity. Annuity: A contract between an insurance company and Read more…
Annual Report: The formal financial statement issued yearly by a corporation. The annual repost contains a balance sheet, income statement and other information of interest to shareholders. Advertisement This Is The Best Offer We’ve Ever Read more…
Amortization: (1) Accounting procedure which gradually reduces the book value of an intangible asset through periodic charges to income; similar to depreciation for fixed assets. See also: Capitalize. (2) Method of reducing a taxpayer’s cost Read more…
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