A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates.
Similar Matches
Bonds Enabling Annual Retirement Savings (BEARS)
Bonds Enabling Annual Retirement Savings (BEARS) Holders of BEARS receive the face value
of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.
Federal Savings and Loan Association
Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.
Financing Cost Savings
Financing Cost Savings A source of competitive advantage that depends on access to low cost sources of capital.