Municipal Bond
What is a Municipal Bond? A municipal bond refers a bond or fixed income security that is issued by a government municipality, township, or state to finance its governmental projects. Municipal bonds are also referred to as “muni bonds” or “muni.” The advantage of municipal bonds for investors is the fact that they are tax-exempt,...
Municipal Securities Rulemaking Board (MSRB)
What is the Municipal Securities Rulemaking Board (MSRB)? The Municipal Securities Rulemaking Board (MSRB) is a regulatory organization that drafts protection rules and several other rules that regulate broker-dealers, banks, and other parties within the United States municipal securities market. What are Municipal Securities? Municipal securities are financial securities that are offered by...
Average Annual Growth Rate
What is the Average Annual Growth Rate (AAGR)? The average annual growth rate (AAGR) is the average annual appreciation in the value of an investment asset, portfolio, or cash flow. It is determined by taking the numerical mean of specified or calculated year-on-year growth rates. The average annual growth rate is used for many fields...
Medium-Term Note (MTN)
What is a Medium-Term Note (MTN)? A medium-term note (MTN) usually refers to a note payable that comes with a maturity date that is within five to ten years. What is a Note? A note, or note payable, is a legal document that represents an amount owed from a borrower to a lender or investor....
Self-Regulatory Organization (SRO)
What is a Self-Regulatory Organization (SRO)? A Self-Regulatory Organization or SRO is an organization that is formed to regulate certain professions or industries. They are usually non-governmental organizations, established with the aim of creating rules to promote order among businesses and organizations. Self-Regulatory Organizations exist either in the absence of government regulation or...
