in Mississippi

Paying Agent
A bank or other institution which acts as the agent for the county in
making bond interest and principal payments. This bank also
usually serves as registrar and transfer agent in keeping a record of
all registered owners and in changing the records regarding
registered owners upon sales or transfers of bonds.
Point 1.0% of the face value of a bond (usually $10, or 1% of $1,000).
For example, 2% is expressed as 2 points.
Premium
Principal
Rating
Refunding Bond
Registered Bond
Settlement
Underwriter
Underwriting Syndicate
Yield
Yield to Maturity
The excess of the price at which a bond, or other security, is
acquired over its par value. See Par Value.
The face amount of a bond exclusive of accrued interest.
A designation used by analysts or by investor services to represent
the relative quality of a bond.
Bond used to retire another bond already outstanding. A refunding
bond may be sold for cash and an outstanding bond redeemed in
cash, or the refunding bond may be exchanged with holders of
outstanding bonds.
A bond listed in the name of the holder. When sold, it must be
transferred on the books of the issuer (usually kept by its paying
agent). When fully registered, there are no coupons attached to the
bond.
Exchange of bonds for purchase price.
The investment house (or houses) that purchases a bond offering
from the issuing government usually with a view toward public
distribution.
Two or more underwriters who collectively underwrite a single
issue.
The net annual percentage of income from an investment. See
Current Yield and Yield to Maturity.
Percentage return from a bond that takes into account current yield
and amortization of any premium or discount.
1 Code, § 75-17-103.
2 Most of the material in this section is found in Code, § 19-9-27.
3 Code, § 75-17-105.
4 Code, § 19-5-21.
5 Code, § 41-55-45(g).
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