VRDO definition
Examples of VRDO in a sentence
In addition, the Participating VRDO is backed by an irrevocable letter of credit or guaranty of the financial institution.
In the event that a VRDO shall become subject to mandatory tender or is otherwise tendered, as a result of an unreimbursed credit advance, Bank Bonds so acquired shall be subject to securitization in the form of GSE Securities which will be delivered to Treasury at the written request of Treasury.
The ▇▇▇▇ ▇▇▇▇▇ Historical Data Product will make available to all purchasers information submitted by ARS program dealers or auction agents, or VRDO remarketing agents, to the MSRB pertaining to Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) for any twelve consecutive complete month data sets.
The information about securities bearing interest at short‐term rates, which include Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) that are provided through the ▇▇▇▇ ▇▇▇▇▇ Service are submitted to the MSRB by ARS program dealers or auction agents or VRDO remarketing agents.
Short-term Obligation Subscription Service The information about securities bearing interest at short-term rates, which include Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) that are provided through the Short-term Obligation Rate Transparency ("SHORT") Service are submitted to the MSRB by ARS program dealers or auction agents or VRDO remarketing agents.
Short-term Obligation Submission Historical Data Product (“SHORT”), $5,000 The ▇▇▇▇ ▇▇▇▇▇ Historical Data Product will make available to all purchasers information submitted by ARS program dealers or auction agents, or VRDO remarketing agents, to the MSRB pertaining to Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) for any twelve consecutive complete month data sets.
The information about securities bearing interest at short-term rates, which include Auction Rate Securities (ARS) and Variable Rate Demand Obligations (VRDOs) that are provided through the Short-term Obligation Rate Transparency ("SHORT") Service are submitted to the MSRB by ARS program dealers or auction agents or VRDO remarketing agents.
If a holder owns a VRDO backed by an SBPA, under normal circumstances the holder may tender the VRDO to a trustee on notice for purchase at the par value of the VRDO.