Glossary of Municipal Securities Terms

CONTINUOUS OFFERING

A primary offering of municipal securities in which the issuer issues and delivers the securities to the underwriter for redelivery to customers over an extended period of time, rather than issuing and delivering the securities to the underwriter on a single date. Municipal fund securities generally are issued in a continuous offering. See: COMMERCIAL PAPER; MUNICIPAL FUND SECURITIES; PRIMARY OFFERING.  

Search the Glossary

 

Browse Terms by Letter