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additional bonds test

A test designed to determine the amount of additional bonds a company or organization can issue. The additional bonds tests involves an underwriter reviewing the amount of a standard benchmark such as a company's cash flows or revenues, and determining the amount that can be used specifically for paying interest on new bonds.

Related information about additional bonds test:
  1. ADDITIONAL BONDS COVENANT or TEST - Municipal Securities ...
    ADDITIONAL BONDS COVENANT or TEST – The financial test, sometimes referred to as a “parity test,” that must be satisfied under the bond contract securing ...
     
  2. Additional Bonds Test - Financial Dictionary - The Free Dictionary
    Additional bonds test. A test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds. Additional Bonds Test ...
     
  3. Additional Bonds Test: Definition from Answers.com
    test limiting the amount of new bonds that can be issued. Since bonds are secured by assets or revenues of a corporate or governmental entity, the underwriters.
     
  4. What is additional bonds test? definition and meaning
    Definition of additional bonds test: A test designed to determine the amount of additional bonds a company or organization can issue. The additional bonds tests ...
     
  5. Additional Bonds Test
    Definition of "Additional Bonds Test". A test that is required when additional bonds being issued will be secured by revenues or assets already pledged to ...
     
  6. Municipal Bond Tips For The Series 7 Exam
    Jul 1, 2008 ... Open-end: The issuer may sell additional bonds with equal claim to assets if permitted under the provisions of the additional bonds test ...
     
  7. Additional Bond Test Law & Legal Definition
    The additional bonds test shows what assets the potential issuer has available ... The additional bonds test increases the transparency of the market and helps ...
     
  8. Additional bonds test Definition - NASDAQ.com
    Additional bonds test: read the definition of Additional bonds test and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.