This is not marketing discipline. The legal characterization of the instrument is what produces the priority position, the transferability on sale, and the non-recourse treatment — and using the wrong word invites the wrong analysis from the wrong department at your bank. Seven say-this-not-that pairs with the reason each matters, the seven characteristics of the instrument in the order a lender or partner will ask about them, and the statutory frame stated correctly, from authority and levying body through eligible categories, maximum term, and the qualifying standard.
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