|Default Type||Monetary Default|
This bond is in Monetary Default.
There are two types of defaults for municipal bonds. When an issuer actual misses making a scheduled principal or interest payment, that is known as a "payment or monetary default" or sometimes called an "actual default". The other type is a "technical default" occurs when there is an adverse event that has not yet resulted in any missed payments.
A payment delinquency occurs when an issuer misses a required payment for interest and/or principal by the due date. Each bond issue has defined dates, called "payment dates" when interest and principal payments are due. This is the most serious material event that can occur and could be expected to have a major negative impact on the market value of the bonds.
Details coming soon.