Bond Resolution

Filed Under: ,
Dictionary Says

Definition of 'Bond Resolution'


1. A document used with government bonds, especially general obligation bonds, to allow bonds to be issued and sold for a specific purpose and to define the rights and responsibilities of each party to a bond contract (the issuer and the bondholder). The bonds represent money loaned and entitle the holder to interest payments and the return of principal.

2. A ballot measure that allows voters to approve or deny the issuance and sale of new bonds for a stated purpose. This type of bond resolution should describe the nature and location of the project to be financed and the project's maximum potential cost.
Investopedia Says

Investopedia explains 'Bond Resolution'


1. A bond resolution describes how much interest and principal will be paid to bondholders and when, how payments will be made, how bonds may be redeemed and what happens in the event of default. It also describes how the bond funds may be used. Sometimes, such as with revenue bonds, a bond indenture is used instead of a bond resolution to define the legal terms of the bond issue and its financing.

2. For example, a bond resolution might authorize a municipality to issue $10 million in revenue bonds to build a new school.
comments powered by Disqus
Hot Definitions
  1. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  2. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  3. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  4. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  5. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  6. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
Trading Center