When budget time rolls around in your city or town, you many have heard your elected officials agreeing to “float a bond” to construct a new park or to funnel money into an affordable housing program. But, what does that really mean? In a nutshell, bond financing is a way for businesses to get the money they need to pay operational costs or fund other projects. Understanding Bond Financing Bond financing is a type of long-term borrowing in which companies and governments issue bonds to raise money to cover the costs of daily operations, infrastructure improvements, and long-term capital projects. […]
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