Glossary of Municipal Securities Terms

QUALIFIED ENERGY CONSERVATION BOND (QECBS)

Bonds issued to finance energy conservation projects. At the election of the issuer, the issuer is entitled to receive a direct pay subsidy or the bondholders are entitled to receive a federal tax credit in lieu of interest. See: DIRECT PAY SUBSIDY BOND; TAX CREDIT BOND.

Search the Glossary

 

Browse Terms by Letter