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Covered bonds are debt securities issued by a bank or mortgage institution and collateralised against a pool of assets that, in case of failure of the issuer, can cover claims at any point of time. They are subject to specific legislation to protect bond holders. [ 1 ]
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
STAN Polytechnic of State Finance (Indonesian: Politeknik Keuangan Negara STAN; abbreviated as PKN STAN), is a government-affiliated college in Indonesia, located in Banten, in Bintaro Sector V Tangerang Selatan.