| 释义 |
bond pool bond pool A municipal bond offering in which a sponsor sells an issue of bonds with proceeds used by a number of cities or other tax-exempt organizations. The pool permits small cities with low borrowing requirements to reduce the underwriting and interest costs inherent in a small issue. Because of the varying credit risks associated with cities in a single bond pool, nearly all bond pools are insured as to payment of interest or principal. Also called pool financing. |