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Bank Backed Bonds – What They are and How They Work

dwaring@marcwaring.com'

Author: David Waring

Last Updated: February 11, 2020

Banked Back Bonds are municipal bonds which carry an agreement with a commercial bank who will provide support to the municipality if they run into trouble making their debt payments.  There are varying levels of bank support provided depending on the agreement between the issuer and the bank.

For more definitions and explanations please visit the Learn Bonds glossary where we give the meaning of many additional bond terms.

 

Learn More

Municipal Bond Defaults, Safety, and Credit Ratings
Municipal Bond Yields
How to choose a municipal bond fund
How to buy municipal bonds

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Article Info

Author: David Waring

Last Updated: 11 February 2020

dwaring@marcwaring.com'

David Waring was the founder of LearnBonds.com and has been a major contributor to the extensive library of investing news and information available on the site. Until the launch of Learnbonds.com in late 2011 there was no single site on the internet catering exclusively to the individual bond investor. This was true even though more individuals own stocks than bonds. Learn Bonds was launched to fill that gap.