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What is the purpose of a debt service reserve fund in a revenue bond issue?
A fund in which moneys are placed in reserve to be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements. The debt service reserve fund may be entirely funded with bond proceeds at the time of issuance, may be funded over time through the accumulation of pledged revenues, or may be funded only upon the occurrence of a specified event (e.g., upon failure to comply with a covenant in the bond contract). In addition, issuers may sometimes authorize the provision of a surety bond or letter of credit to satisfy the debt service reserve fund requirement in lieu of cash. If the debt service reserve fund is used in whole or part to pay debt service, the issuer usually is required to replenish the fund from the first available revenues.
What is the Difference between internal service fund and enterprise fund?
Enterprise fund is a fee for service. Internal service fund is services from one department to another on a cost reimbursement basis.
What is the symbol for Western Asset Emerging Markets Debt Fund Inc in the NYSE?
The symbol for Western Asset Emerging Markets Debt Fund Inc in the NYSE is: ESD.
What are some examples of an internal service fund?
An internal service fund is a fund used in governmental accounting to track goods or services shifted between departments on a cost reimbursement basis. An example of an internal service fund is a maintenance department that provides equipment maintenance services to other departments.
Who is ken heebner?
CGM Focus fund manager with Capitol Growth Management in Boston Mass. CGM Focus fund manager with Capitol Growth Management in Boston Mass.
What does the CGM fund invest in?
There are three types of CGM Fund; the Mutual Fund, Focus Fund and Realty Fund. The Mutual Fund invests in a managed mix of equity and debt securities, the Focus Fund invests in stocks and the Realty Fund invests at least 80% in the real estate industry.
What is the purpose of a debt service reserve fund in a revenue bond issue?
A fund in which moneys are placed in reserve to be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements. The debt service reserve fund may be entirely funded with bond proceeds at the time of issuance, may be funded over time through the accumulation of pledged revenues, or may be funded only upon the occurrence of a specified event (e.g., upon failure to comply with a covenant in the bond contract). In addition, issuers may sometimes authorize the provision of a surety bond or letter of credit to satisfy the debt service reserve fund requirement in lieu of cash. If the debt service reserve fund is used in whole or part to pay debt service, the issuer usually is required to replenish the fund from the first available revenues.
What fund or group of accounts would premiums received on general obligation bonds transferred to?
Debt Service
What is the documentary 'Life and Debt' about?
The 2001 documentary "Life and Debt" focuses on the economic and social situations within Jamaica. The main focus is the impact of the International Monetary Fund and the World Bank's globalization policies. These policies and reforms left Jamaica in debt of 4.6 billion dollars.
What are some debt oriented fund of funds in India?
A Fund of Fund is a Mutual Fund where the fund manager does not buy individual debt instruments. Instead he buys mutual funds of a particular type. In this case, Debt Oriented Mutual Funds.Example:a. IDFC All Seasons Bondb. ICICI Prudential Advisor Series - Very Cautious Planc. etc
What is the Difference between internal service fund and enterprise fund?
Enterprise fund is a fee for service. Internal service fund is services from one department to another on a cost reimbursement basis.
How did hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What is the symbol for Western Asset Emerging Markets Debt Fund Inc in the NYSE?
The symbol for Western Asset Emerging Markets Debt Fund Inc in the NYSE is: ESD.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
In what year did Western Asset Emerging Markets Debt Fund Inc - ESD - have its IPO?
Western Asset Emerging Markets Debt Fund Inc (ESD)had its IPO in 2003.
Is the Social Security Trust Fund part of the national debt?
The $2.5 Trillion of debt obligations held by the SS Trust Fund are most certainly part of the National Debt. The obligations are legally parri passu (equal under the law) with the debt held by the public.
What are some examples of an internal service fund?
An internal service fund is a fund used in governmental accounting to track goods or services shifted between departments on a cost reimbursement basis. An example of an internal service fund is a maintenance department that provides equipment maintenance services to other departments.
