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How does a Church repay interest and principal on its bond issue?

April 26, 2017Bond church ISSUE Principal repay

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How does a Church repay interest and principal on its bond issue?

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Churches deposit a portion of it’s weekly or monthly income into a sinking fund account at the paying agent bank to ensure orderly payment of interest and principal to bondholders. Churches agree in advance that payment will be made before other operating expenses are paid.