Examlex
If there is a difference between the actual service provided to customers and the service the firm has promoted,a __________ gap exists.
General Obligation Bond
A municipal bond backed by the full faith and credit of the issuing authority, with repayment guaranteed by the authority's ability to tax.
Revenue Bond
A type of municipal bond supported by the revenue from a specific project, like a toll road or public utility, rather than from tax revenue.
Secured Bond
A type of bond backed by the issuer's assets, providing a safeguard to bondholders by promising specific collateral in case of default.
Pass-through Bond
A type of security that pools investments and passes the income from these investments through to the investors.
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