variable-rate demand obligation

variable-rate demand obligation

A floating-rate debt obligation that has a nominal long-term maturity as well as an option allowing the investor to put (sell) the obligation back to the trustee, generally at par plus accrued interest.
References in periodicals archive ?
Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Support', Jan.
7m series 2005C1-C2 variable-rate demand obligations, and Fitch affirmed the 'A' rating for the city's approximately USD3.
Short-term ratings on enhanced municipal bonds may be lower than those of their liquidity providers, as discussed in Fitch's 'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support', dated Feb.
27, 2013); --'Rating Guidelines for Letter of Credit-Supported Bonds' (June 20, 2012); --'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support' (Jan.
NEW YORK -- Fitch Ratings has published an updated report entitled 'Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support'.
Applicable Criteria and Related Research: Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support
28, 2012); --'Rating Guidelines for Letter of Credit-Supported Bonds' (June 20, 2012); --'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support' (Feb.
rpt_id=681737 Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support http://www.

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