ADDITIONAL BONDS
An
issue of bonds having a lien on the same revenues or other
security ple
dged to
outstanding bonds. Additional bonds may be issued on a parity with the outstanding bonds, although in some cases additional bonds may have either a junior lien or a senior lien on pledged revenues or other security. Additional bonds are generally issued under the same bond contract.
See: JUNIOR LIEN BONDS; OUTSTANDING BONDS; PARITY BONDS; PLEDGED REVENUES; SENIOR LIEN BONDS.