Glossary of Municipal Securities Terms

ENTERPRISE ZONE (EZ) BOND

A private activity bond issued to provide financing for projects (including certain commercial private activity bonds that could not otherwise be issued on a tax-exempt basis) located in federally-designated empowerment zones and enterprise communities. Issuers must meet specific ownership and employment targets relating to residents of the zone or community. See: PRIVATE ACTIVITY BOND – Exempt Facility Bonds.

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