Bond issued by a state or local government that is only allowed to be utilized for the financing of private institutions. States and local governments typically issue two types of municipal bonds, those that are for private funding and those that are for public funding.
Related information about private purpose bond:
- Private Purpose Bond Definition | Investopedia
A type of municipal bond that is issued to finance a project for which at least 10% of the benefit will go to a private sector entity. Municipal bonds are usually ...
- Private-Purpose Bond - Financial Dictionary - The Free Dictionary
Also found in: Wikipedia, 0.01 sec. Private-purpose bond. A municipal bond allowing more than 10% of the proceeds go to private activities. Private Activity Bond ...
- private purpose bond Definition | Business Dictionaries from ...
category of municipal bond distinguished from public purpose bond in the tax reform act of 1986 because 10% or more of the bond's benefit goes to private ...
- Private Purpose Bond: Definition from Answers.com
category of municipal bond distinguished from public purpose bond in the tax reform act of 1986 because 10% or more of the bonds benefit goes to private.
- What is private purpose bond? definition and meaning
Definition of private purpose bond: Bond issued by a state or local government that is only allowed to be utilized for the financing of private institutions.
- Private-Purpose Bond Definition & Example | InvestingAnswers
We explain the definition of Private-Purpose Bond, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- Municipal Bonds
*If the municipal bond is a "private purpose" bond, the income is taxable unless specifically exempted. Income from some bonds may be taxable under ...
- Municipal Bond - Stoever Glass & Co
A taxable Municipal Bond is issued as a Private Purpose Bond to finance Public Purpose projects where the 10% private use limitation has been exceeded.