Series 52: Bank Qualified (BQ) Bonds

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Bank Qualified (BQ) Bonds...

public interest bonds whose issuer offers no more than $10 million of tax-exempt bonds during a single calendar year. A bank is allowed to deduct 80% of any interest paid to its lender for money borrowed to purchase BQ bonds.

Since you're reading about Series 52: Bank Qualified (BQ) Bonds, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!