This session presents the various kinds of bonds and other debt instruments. Their unique characteristics are described, as well as the tax and financial implications of each and how the planned giving office can deal with these gift assets. (Syllabus Code 3.02) Key words: federal bonds, municipal bonds, savings bonds, zero coupon bonds, mortgage backed securities, derivatives, coupon-stripped bonds, IRD (Income in Respect of a Decedent)  MORE »