Urban IOUs. (Wall Street West).Investors, nervous about Wall Street, are taking a fresh look at municipal bonds, which historically have very low default rates. "Investors are pretty comfortable with municipal bonds. It's been a long time since I heard an underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. say they can't move the paper," said Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Balisy, partner with Pasadena law firm Kutak Rock, a municipal bond specialist. "There is no talk about an oversupply o·ver·sup·ply n. pl. o·ver·sup·plies A supply in excess of what is appropriate or required. tr.v. o·ver·sup·plied, o·ver·sup·ply·ing, o·ver·sup·plies ." Kutak Rock verifies that the bond issuer meets all the criteria needed to be considered tax exempt, or in the case of bonds issued within the state of California, double tax-exempt. This means bond holders don't pay state or federal income taxes on the bond yields, as the issuer is a state or local government, or a qualifying non-profit. Lately, Balisy vetted a $7 million bond offering by the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Society for the Prevention of Cruelty to Animals The Society for the Prevention of Cruelty to Animals (SPCA) is any of a number of animal welfare organisations whose operations include protecting and providing shelter to animals in danger. . The funds will be used to build a new animal pound in Long Beach. Municipal bonds last week were offering returns of less than 5 percent--"better than down 20 percent," Balisy said--typical of stocks' recent returns. |
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