Business, Legal & Accounting Glossary
Debentures issued to the public by home builders to finance a housing development that are backed by the mortgages of home buyers within the development. Bondholders are given a senior position over unsecured creditors for the repayment of debt.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Builder’s Bonds are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.