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MSB WTR10AC 330 XM1 Test

Enter the letter for the matching Answer
incorrect
1.
Used only for debt service activities related to general long term liabilities
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2.
When a debt is legally satisfied based on certain provisions in the debt instrument, even though the debt is not actually paid
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3.
Bond issue that matures in its entirety on a given date
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4.
Bond issue that matures in installments
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5.
Liabilities that arise from activities of governmental funds and that are not reported as fund liabilities of a proprietary or fiduciary fund
A.
Debt Service Fund
B.
Term Bond
C.
Legal Defeasance
D.
Serial Bond
E.
General Long-term Liabilities
Type the Answer that corresponds to the displayed Question.
incorrect
6.
Bond issue where the first installment is delayed for a period of more than one year after the date of the issue, but thereafter installments fall due on a regular basis
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7.
Bond issue where the total principal is repayable in a specified number of equal annual installments over the life of the issue
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8.
The total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time
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9.
The difference between the amount of debt limit calculated as perscribed by law and the net amount of outstanding indebtedness subject to limitation
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10.
Bond issue where the amount of annual principal repayments is scheduled to increases each year by approximately the same amount that interest payments decrease

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