Terms 33-49

Question 1

Net Revenue Pledge

Answer 1

Revenue bonds funds to pay operation and maintenance costs before bondholders.

Question 2

Scale

Answer 2

Rate of interests at which dealers determine investors will buy a new municipal bond.

Question 3

Munifacts

Answer 3

Wire system of new offereings in the municipal marketplace.

Question 4

Blue Lists

Answer 4

Daily list of nearly all current municipal bonds. Officially the Blue List of Current Municipal Offerings.

Question 5

MSRB

Answer 5

Municipal Securities Rule Making Board; establishes rules for securities market industries.

Question 6

Regulators

Answer 6

Agencies that enforce MSRB rules, such as FRB, FDIC, SEC, and NASD.

Question 7

Bona fide quote

Answer 7

Fair market price

Question 8

Subject Quote

Answer 8

Conditional quotes verified before acceptance.

Question 9

Group Net Order

Answer 9

Filled Presale orders

Question 10

Designated Net Order

Answer 10

Filled third after bid is won.

Question 11

Member orders

Answer 11

Syndicate member takedown orders that are filled last/

Question 12

Big Board

Answer 12

New York Stock Exchange

Question 13

Seat

Answer 13

Membership on a stock exchange

Question 14

Specialist

Answer 14

Entity that is ready, willing, and able to buy or sell a listed security and maintain an inventory

Question 15

DOT System

Answer 15

Designated order turnaround, electronic trade system