Stoever Glass & Co, Inc.
Stoever Glass & Co., Inc. has specialized in Municipal Bonds for individual investors for 50 years. We are located in the heart of the financial district at 30 Wall Street in New York City. If you have questions, please feel free to call any Stoever Glass representative at 1-800-223-3881.
A HELPFUL GLOSSARY:
Accrued Interest – Interest earned on a bond since the last interest payment.
Maturity – The date upon which the principal becomes due.
Callable Bond – A bond which is subject to redemption prior to maturity at the option of the issuer.
Current Yield – The percent of interest in relation to the market price of a bond.
Yield to Maturity – The annualized percentage of income from a bond---your actual true yield.
General Obligation – A bond secured by a pledge of the issuer’s full faith, credit and taxing power.
Revenue Bond – A bond payable from the revenues collected from the users of a specified project.