Double-barreled

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Double-barreled

Describes backing of the principal and interest of a smaller municipal revenue bond by a larger municipal entity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Combination Bond

A municipal bond with the coupon and principal guaranteed both by the general revenue of the municipality issuing the bond and by the revenue of the project the bond finances. If the revenue from the project is less than expected and is not enough to make payments, the municipality will make them instead. A combination bond is intended to reduce the risk to the bondholder to the least possible amount; therefore, interest rates on them are fairly low. It is also called a double-barrel municipal bond.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In the early hours of Sunday, June 9 (around 1.15am) a man entered Telegraph Service Station onScotland Roadand threated a shop assistant with a double-barrelled shotgun.
A spokesman said a "disassembled but functioning double-barrelled shotgun", as well as two assault rifles and further ammunition, had been forensically recovered.
The prosecution at Mold Magistrates court offered no evidence to support a charge of possessing an American Ithica double-barrelled shotgun without a certificate.
Surprisingly, Michael B-V agreed and told me that he and two other "twelve-bores" had left a committee en masse because other members were fed up with all the double-barrelled names coming up in the minutes."
Judge McKinnon, sitting with Mr Justice Roderick Evans at London's Appeal Court, said the gun, a 12-bore double-barrelled shortened shotgun, was rusty when found by police.
Alongside was a double-barrelled shotgun, one shell still unfired.
The double-barrelled 12-bore gun, pictured, as well as cartridges, were discovered close to the isolated Llanharry farm where 64-year-old Harry and his wife Megan, 67, were murdered nearly 10 years ago.
The search was carried out at around 8.30pm and police confiscated 161 grammes of cannabis, 223 pills, a cannabis plant measuring half a metre in height, a metal grinder which had traces of cannabis in it as well as two double-barrelled hunting rifles, a single-barrelled Flobert rifle and two airguns.
DOUBLE-BARRELLED Arsenal striker Alex Oxlade-Chamberlain gave Iceland both barrels last week and had bookies doing a double-check.
Women's tennis is doing a fine job of breaking down the upper-class stigma that has surrounded double-barrelled surnames for so long.
A TEACHER who feared she had serious heart trouble shot herself through the chest with a double-barrelled shotgun, an inquest heard yesterday.
A SOUTHPORT man has admitted possessing a double-barrelled shotgun without a certificate.