Public Securities Association - PSA

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.

RELATED TERMS
  1. Association of International Bond ...

    A professional association of bond dealers. The members consist ...
  2. Secured Bond

    A type of bond that is secured by the issuer's pledge of a specific ...
  3. The Bond Buyer

    The Bond Buyer is a municipal bond market daily trade publication. ...
  4. Bond

    A debt investment in which an investor loans money to an entity ...
  5. Bond Buyer 20

    A representation of municipal bond trends based on a portfolio ...
  6. Association Of Government Accountants

    An association of accountants that work for the U.S. Government ...
Related Articles
  1. Retirement

    Bond Basics: Conclusion

    Now you know the basics of bonds. Not too complicated, is it? Here is a recap of what we discussed: Bonds are just like IOUs. Buying a bond means you are lending out your money. Bonds are ...
  2. Home & Auto

    How To Choose The Right Bond For You

    Bond investing is a stable and low-risk way to diversify a portfolio. However, knowing which types of bonds are right for you is not always easy.
  3. Mutual Funds & ETFs

    Why Muni Bonds and Bond Funds are Perfect Together

    Municipal bonds and bond funds differ in several ways, which is partly why they complement each other well.
  4. Professionals

    The Bond Market

    We look at the market where debt securities are issued and traded.
  5. Bonds & Fixed Income

    5 Reasons to Invest in Municipal Bonds When the Fed Hikes Rates

    Discover five reasons why investing in municipal bonds after the Fed hikes interest rates, and not before, can be a great way to boost investment income.
  6. Options & Futures

    Top 6 Uses For Bonds

    We break down the stodgy stereotype to see what these investments can do for you.
  7. Bonds & Fixed Income

    Find The Right Bond At The Right Time

    Find out which bonds you should be investing in and when you should be buying them.
  8. Professionals

    Types Of Bonds

    We look at the many types of bonds and explain what differentiates them from each other.
  9. Professionals

    Types of Funds

    FINRA Series 6: Section 10 Types of Funds. This section describes different types of funds: Money Market Fund, Bond Fund, Government Bond Fund, Municipal Bond Fund, Corporate Bond Fund, Balanced ...
  10. Mutual Funds & ETFs

    Bond ETFs: A Viable Alternative

    Discover the advantages of a security that tracks bond index funds, but trades like a stock.
RELATED FAQS
  1. What forms of debt security are available for the average investor?

    Discover the various different types of debt securities, issued by government entities or corporations, that are available ... Read Answer >>
  2. Which factors most influence fixed income securities?

    Learn about the main factors that impact the price of fixed income securities, and understand the various types of risk associated ... Read Answer >>
  3. How do the returns on municipal bonds compare to those of other bonds?

    Learn how tax-free municipal bonds may provide better returns than other types of bonds, and understand the risks of municipal ... Read Answer >>
  4. Where can I buy government bonds?

    The type of bond determines where you can purchase it, so you need to decide which type of bond you would like to purchase ... Read Answer >>
  5. What do cities do with the funds generated from municipal bonds?

    Learn more about municipal bonds, including the various types of bonds issued and the purposes of municipal bond funds, such ... Read Answer >>
  6. What determines the price of a bond in the open market?

    Learn more about some of the factors that influence the valuation of bonds on the open market, and why bond prices and yields ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center