- See also
- References
{{Securities}}A variable rate debt obligation (VRDO) is a tax-exempt short-term investment instrument based on long-term municipal bonds.[1] The total value of outstanding VRDOs was estimated at $500 billion in November 2008.[2] See alsoReferences1. ^http://www.standishmellon.com/public/documents/news/vrdos.pdf 2. ^http://www.smartmoney.com/investing/bonds/A-Mess-in-the-Muni-Market/
{{Econ-stub}}{{Bond market}} 2 : Bonds (finance)|Securities (finance) |