MSB WTR10AC 330 XM1 Word Scramble
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| Question | Answer |
| Liabilities that arise from activities of governmental funds and that are not reported as fund liabilities of a proprietary or fiduciary fund | General Long-term Liabilities |
| The total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time | Debt Limit |
| The difference between the amount of debt limit calculated as perscribed by law and the net amount of outstanding indebtedness subject to limitation | Debt Margin |
| Bond issue that matures in its entirety on a given date | Term Bond |
| Bond issue that matures in installments | Serial Bond |
| Bond issue where the total principal is repayable in a specified number of equal annual installments over the life of the issue | Regular Serial Bond |
| 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 | Deferred Serial Bond |
| Bond issue where the amount of annual principal repayments is scheduled to increases each year by approximately the same amount that interest payments decrease | Annuity Serial Bond |
| Used only for debt service activities related to general long term liabilities | Debt Service Fund |
| When a debt is legally satisfied based on certain provisions in the debt instrument, even though the debt is not actually paid | Legal Defeasance |
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phsonnek
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