Public housing authority bond

Definition:

Bonds of local public housing agencies that are secured by the federal government and whose proceeds are used to provide low-rent housing.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Heavy

An equities market now dominated by sellers, or oversupply, resulting in falling prices. See: Overbought, resistance level, tired.

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