Tobacco bond
id:
tobacco-bond-218-2995069
title:
Tobacco bond
text:
In finance, a tobacco bond is a type of US bond issued by a state to obtain immediate cash backed up with a won lawsuit against a tobacco company. The typical tobacco bond lasts 30 years or less and pays interest every year. By 2014, tobacco bonds made up $94 billion of the $3.7 trillion municipal bond market. They share a revenue stream from the Tobacco Master Settlement Agreement, a 1998 national settlement in which Philip Morris, Lorillard and Reynolds American agreed to make annual payments
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Tobacco_bond
date created:
2015-03-05T15:18:23Z
date modified:
2024-09-13T04:48:05Z
main entity:
{"identifier":"Q25051690","url":"https://www.wikidata.org/entity/Q25051690"}
image:
fields total:
13
integrity:
14