Glossary of Municipal Securities Terms

NOTICE OF SALE

A document describing the terms established by an issuer for a competitive sale of an anticipated new issue of municipal securities. It generally contains the date, time and place of sale, amount of issue, type of security, amount of any good faith deposit, basis of award, name of bond counselmaturity schedule, method of delivery, time and place of delivery, and bid form. See: BID FORM; COMPETITIVE SALE.

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