WORD OF THE DAY: COMMITMENT LETTER - A legally binding letter in which a lender documents the terms, prerequisites and conditions under which it agrees to provide financing to an applicant. Commitment letters may be used in almost any le ... More
Definition(s) for BOND BUYER MUNICIPAL BOND INDEX:
1. ) An index of yields based on 40 long-term municipal bonds (AA-rated and A-rated municipal bonds) that is often used to track the performance of tax-free municipal bonds. The index is compiled by The Bond Buyer, a daily trade publication that specializes in fixed-income securities.
Fund Letters
