The series 2006C and 2006D bonds (bonds), which will be issued as variable rate demand obligations (VRDOs), are expected to be insured by MBIA, whose insurer financial strength (IFS) is rated 'AAA' by Fitch, and are also expected to be supported by an external liquidity facility.
What does VRDO stand for?
VRDO stands for Variable Rate Demand Obligations
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
- Violence Reduction and Drug Enforcement (Washington)
- Variable Rate Debt Instrument (finance)
- Virtual Raster Display Interface
- Visual Robot Development Kit (Microsoft)
- Victorian Roller Derby League (Australia)
- Viral and Rickettsial Disease Laboratory
- Virtual Reality Development Lab
- Viral and Rickettsial Disease Laboratory Complement Fixation Test
- Variable Rate Demand Note (financial instrument)
- Visio Registered Developer Network
- Variable Resolution Dynamic Programming (algorithm)
- Village Reconstruction and Development Project (India)
- Vocational Rehabilitation of Disabled Persons (Canada)
- Vacuum Residue Desulfurization
- Vale Royal Disability Services (Hartford, Northwich, UK)
- Visakha Rural Development Society (India)
- Vassar Repertory Dance Theatre
- Vanuatu Rural Development and Training Centres Association
- Navy Transport Evacuation Squadron (US Navy aviation unit designation)
- Vancomycin Resistant Enterococcus
Samples in periodicals archive:
The series 2006C CHFFA bonds are unenhanced variable rate demand obligations.
The district's variable rate exposure remains the same as it was when the COPs were variable rate demand obligations and paying interest based on the BMA rate.