Series 50: Private Activity Bond

Taken from our Series 50 - MSRB Municipal Advisor Representative Qualification Exam

Definition of the term Private Activity Bond...

a municipal bond that does not qualify for federal tax exemption because its funding does not provide a significant public benefit.

Since you're reading about Series 50: Private Activity Bond, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 50
Please Enable Javascript
to view this content!