A type of clause that is included in the agreement for revenue bonds in permitting the issuing of more revenue bonds at a later time - as long as the revenue from the past year was enough to cover the new issue expenses.
Related information about open end indenture:
- Open-End Indenture Definition | Investopedia
A clause in a revenue-bond agreement that permits the issuance of additional revenue bonds in the future, provided that the revenue of the previous year was ...
- Closed-End Indenture Definition | Investopedia
... be used again to back another bond issue. This is the opposite of an open-end indenture in which more than one bond can be backed by a single collateral.
- Open-End Indenture - Financial Dictionary - The Free Dictionary
A provision in an indenture stating that the collateral securing the bond may also secure other bond issues. An open-end indenture means that the issuer may ...
- What is open end indenture? definition and meaning
Definition of open end indenture: A type of clause that is included in the agreement for revenue bonds in permitting the issuing of more revenue bonds at a later ...
- Options - Hewitt Financial Services - Investment Glossary
Open End Indenture A secured bond indenture that allows collateral to be repledged for the issuance of additional bonds. See: Additional Bonds Test; Collateral; ...
- * Bond indenture - (Business): Definition
OPEN-END INDENTURE " A secured bond indenture which allows the repledging of collateral for additional bonds. Usually subject to certain limitations.
- Open-End Indentures - Debt Securities Basics | LectLaw.com
An open-end indenture is a term in a bond contract that permits the issuer to use the collateral guaranteed in one issue as collateral for any number of other ...
- 235 F.2d 472
The appellant, Republic National Bank of Dallas, herein called the Republic Bank, had been the trustee under an open-end indenture dated March 24, 1952, ...