An authority bond is very similar to a municipal bond. Both are issued by an authoritative group, but the projects will typically be of differing natures. Additionally, authority bonds can incorporate margin protections, providing some insurance for the holders.
Investment dictionary. Academic. 2012.
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authority bond — A bond issued by a government agency or a corporation created to manage a revenue producing public enterprise. The difference between an authority bond and a municipal bond is that margin protections may be incorporated in the authority bond… … Financial and business terms
Industrial Development Authority bond — ( IDB) A special type of revenue bond issued by municipal authorities established to promote economic development in their communities. A community establishes an Industrial Development Authority to act as a conduit. A business that would… … Financial and business terms
Industrial Revenue Authority bond — ( IRB) See Industrial Development Authority bond. American Banker Glossary … Financial and business terms
local authority bond — /ˌləυk(ə)l ɔ: θɒrəti bɒnd/ noun a fixed interest bond, repayable at a certain date, used by a local authority in order to raise a loan and similar to a Treasury bond … Dictionary of banking and finance
housing authority bond — / haυzɪŋ ɔ:ˌθɒrəti bɒnd/ noun a bond issued by a US municipal housing authority to raise money to build dwellings … Dictionary of banking and finance
public housing authority bond — bonds of local public housing agencies that are secured by the federal government and whose proceeds are used to provide low rent housing. Bloomberg Financial Dictionary … Financial and business terms
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in … Financial and business terms
Bond — Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The… … Financial and business terms
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary