Shop Talk of the Texas Bond Man (1960)

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SHOP TALK
OF
THE TEXAS BOND MAN

A Glossary of Words and Phrases
from the Professional Vocabulary of
Those Who Deal in Municipal Bonds

MUNICIPAL ADVISORY COUNCIL OF TEXAS
1960

   Jesse Sheidlower was interested in the "muni," so Gerald Cohen kindly inter-library loaned and copied this 15-page book.
   It doesn't have "muni," it doesn't have much slang, and it's not of much interest.  Perhaps "Take-Or-Pay" or "Turkey" can be used.
   The terms are:

Pg. 1:  Account Letter; Account Manager; Advertised Sale; Assessed Valuation; Assumed Bonds; Attorney General.

Pg. 2:  Authority; Average Life; Balloon Maturity; Bank Maturities; Basis Book; Basis Point; Basis Price; Bid Form; Blue List.

Pg. 3:  Bond Buyer's Index; Bond Order (Ordinance)(Resolution); Bond Year; Callable; Circular; City; Closed Lien; Combination Bonds.

Pg. 4:  Comptroller of Public Accounts; Concession; Confirmation; Coupon Bonds;  Cover; Coverage; Current Tax Collections.

Pg. 5:  Customer Count; Debt Limitation; Debt Service Requirements; Default; Discount; Eastern Account; Effective Interest Rate.

Pg. 6:  Facsimile Signature; Financial Advisor; Financing Agreement; Firm; Fiscal Year; Flat.

Pg. 7:  Floating Debt; Floating Supply; Flow of Funds; General Obligations; General Purpose; Graduated Coupon; Historical Account; Interest Cost.

Pg. 8:  Interest Stop; Intermediate Maturities; Invoice; Joint Account; Legal Opinion; Limited Tax Bonds; Long Maturities; Mandatory Call; Negotiated Deal.

Pg. 9:  Net Debt; Non-Voted Bonds; Odd Lot; Offering Sale; Open End; Optional; Overlapping Debt; Over Sales; Parity Bonds.

Pg. 10:  Paying Agent; Payment Record; Personal Property; Point; Pre-Election Contract; Premium; Price.

Pg. 11:  Private Deal; Prospectus; Rating; Re-Allowance; Real Property; Refunding; Registrable Bonds; Reserve Fund; Revenue Bonds.

Pg. 12:  Secondary Market; Self Supporting Debt; Serial Bonds; Spread; State Aid; Step-Up; Supplemental Coupons.

Pg. 13:  Syndicate; Take-Down; Take-Or-Pay ("A term used to describe a type of contract under which the party who stands ready to deliver a commodity or to render a service is guaranteed a minimum payment whether or not the party who is to use the commodity or service actually availas himself of the right for which he is bound to pay."); Tax Levy; Tax Limitations; Tax Rate.

Pg. 14:  Tax Year; Term Bonds; Texas Municipal Report; Time Warrants; Turkey ("An underwriting deal on which you lose your shirt."); Unlimited Tax Bonds.

Pg. 15:  Visible Supply; Voted Bonds; Water District; Western Account; When Issued; Yield.