DBC Support - Glossary of Municipal Finance Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Overview


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A

Accelerated solution

Accreted value

Accretion

Accrued interest

Adjusted bond interest

Adjusted debt service

Advance refunding

Agency

Aggregate bond interest

Aggregate debt service

All-in TIC

Amortization of debt

Arbitrage

Arbitrage bonds

Arbitrage yield

Average coupon

Average life

Average maturity

Average takedown


B

Basis point

Bid price

Bond

Bond balance

Bond insurance

Bond interest

Bond principal

Bond proceeds

Bond solutions

Bond value

Bond year

Bond years


C

CAB

Call

Call denomination

Call features

Call premium

Call price

Call protection

Canadian Interest Cost (CIC)

Capital Appreciation Bonds

Capitalized interest fund

Cash

Cashflow

Closing date

Compounded interest

Convertible CAB

Cost of issuance

Coupon

Coverage factor

Crossover date

Crossover refunding

CUSIP


D

Dated date

Dead time

Debt service

Debt service fund

Debt service reserve fund

Deep discount bonds

Defeasance

Delivery date

Denomination

Discount

Discount rate

DSRF

Duration


E

Error

Escrow account

Escrow cost

Escrow requirements

Escrow yield

Expenses


F

Face amount

Fiscal date

Fiscal period

Fiscal year

Flexible repurchase agreement

Flex Repo

Float contract

Flow of funds

Forward supply contract

Funds on hand

Future value


G

GIC

Gross debt service

Gross spread

Guaranteed investment contract


H


I

Indenture

Initial offering price

Interest

Interest class

Interest day basis

Interest rate

Interest frequency

Interest payment option

Issuance

Issuance denomination

Issue amount

Issue price


J


K


L

Letter of credit (LOC)

Level debt service

Liquidity

Low-to-high refunding


M

Mailing

Management fee

Manager

Mandatory sinking fund

Maturity

MSRB


N

Natural Language Format (NLF)

Negotiated underwriting

Net debt service

Net interest

Net proceeds

New issue

Net Interest Cost (NIC)

Non-callable bond

Note


O

Official statement

OID

Open market securities

OMS

Original issue discount

Other debt service

Other d/s

Overlapping maturities


P

Par amount

Par value

Payment date

Point

Preliminary Official Statement

Premium

Premium bond

Present value

Price

Pricing

Principal amount

Prior accreted value

Prior bonds

Prior debt

Prior par value

Proceeds

Project

Project fund draws

Purchase price

PV Rate


Q

Quotation


R

Refunded bonds

Refunding bonds

Refund provisions

Related debt

Related debt service

Remarketing issue

Reserve fund

Revenue constraints


S

Serial bond

SLGS

Stepped coupon bonds


T

Takedown

Tax Levy

Term bond

TIC

Total debt service

True interest cost

Type of security (OMS)


U

Underwriters' discount


V

Verification

Verification report


W


X


Y

Yield


Z

Zero coupon bond


Index Overview

The Index provides definitions for general finance terminology which is used in DBC Finance. The terms are often employed in Menus and Entry windows and have the meaning typically attributed in the municipal finance business.

The designation NLF indicates that the term has a 'defined' meaning for purposes of the Natural Language Format Formulas used in several parts of DBC Finance. Refer to the NLF documentation in DBC Finance for its usage in the system.

In some cases, a term used in DBC Finance, has possible a broader meaning in the financial world, but we have limited the definitions to the applicability to DBC Finance.

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