Series 50: Rate Covenant

Taken from our Series 50 - MSRB Municipal Advisor Representative Qualification Exam

Definition of the term Rate Covenant...

a promise made as part of a bond’s indenture that requires an issuer to set rates or fees at levels sufficient to generate revenue at some designated threshold.

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Many thanks to the fine staff at Solomon Exam Prep. I'm happy to report that I passed the Series 50 Municipal Advisor exam on my first attempt. The written material is extremely thorough and comprehensive. With respect to the online quizzes and final exams, the questions are very comparable in difficulty to the actual exam, thus providing the foundation for success. A special word of thanks to Carson for his encouragement and support.

Tony Chiappetta, Sudsina & Associates, Mars, PA

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Joe M, MBS, Inc, Atlanta, GA

I passed . Got an 84 on my Series 50. Solomon's prep material was pretty good. The practice tests were very helpful too. The numerical examples embedded within the theory really helped with the concepts. Made the material easy to read and understand.

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Amber Nielsen, Baker Tilly Municipal Advisors. Mishawaka, IN

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Delaney Ridgley, Raftelis. Charlotte, NC