Exchange Currency

open end indenture

A type of clause that is included in the agreement for revenue bonds in permitting the issuing of more revenue bonds at a later time - as long as the revenue from the past year was enough to cover the new issue expenses.

Related information about open end indenture:
  1. Open-End Indenture Definition | Investopedia
    A clause in a revenue-bond agreement that permits the issuance of additional revenue bonds in the future, provided that the revenue of the previous year was ...
     
  2. Closed-End Indenture Definition | Investopedia
    ... be used again to back another bond issue. This is the opposite of an open-end indenture in which more than one bond can be backed by a single collateral.
     
  3. Open-End Indenture - Financial Dictionary - The Free Dictionary
    A provision in an indenture stating that the collateral securing the bond may also secure other bond issues. An open-end indenture means that the issuer may ...
     
  4. What is open end indenture? definition and meaning
    Definition of open end indenture: A type of clause that is included in the agreement for revenue bonds in permitting the issuing of more revenue bonds at a later ...
     
  5. Options - Hewitt Financial Services - Investment Glossary
    Open End Indenture A secured bond indenture that allows collateral to be repledged for the issuance of additional bonds. See: Additional Bonds Test; Collateral; ...
     
  6. * Bond indenture - (Business): Definition
    OPEN-END INDENTURE " A secured bond indenture which allows the repledging of collateral for additional bonds. Usually subject to certain limitations.
     
  7. Open-End Indentures - Debt Securities Basics | LectLaw.com
    An open-end indenture is a term in a bond contract that permits the issuer to use the collateral guaranteed in one issue as collateral for any number of other ...
     
  8. 235 F.2d 472
    The appellant, Republic National Bank of Dallas, herein called the Republic Bank, had been the trustee under an open-end indenture dated March 24, 1952, ...