Public Securities Association - PSA

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DEFINITION of 'Public Securities Association - PSA'

The predecessor association to the Bond Market Association, which represents the largest securities markets in the world, the bond markets. The Public Securities Association was incorporated in 1976, and underwent a name change to the Bond Market Association in 1997 to better reflect its broadened constituency and membership.

BREAKING DOWN 'Public Securities Association - PSA'

The Bond Market Association represents a diverse mix of securities firms and banks, from large firms to niche specialists, with 70% of member firms having their headquarters outside of New York City. Its members collectively account for a significant majority of U.S. municipal bond underwriting and trading.

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RELATED FAQS
  1. Who are the key players in the bond market?

    The bond market can essentially be broken down into three main groups: issuers, underwriters and purchasers. The issuers ... Read Full Answer >>
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    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
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    Shares outstanding and floating stock are different measures of the shares of a particular stock. Shares outstanding is the ... Read Full Answer >>
  4. What is the difference between market risk premium and equity risk premium?

    The only meaningful difference between market-risk premium and equity-risk premium is scope. Both terms refer to the same ... Read Full Answer >>
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