Definition of Municipal bond:
A bond issued by or through a local government agency.
The US term for tax-exempt bonds issued by states and political subdivisions (such as cities and counties) to raise funds, such as some low-cost residential housing, bridges and highways. Municipal bonds are paid with interest and are guaranteed by the state tax authority (as a general liability), or the financing of this compensation (as a moral obligation) to the specific income of the project. Happens on Money is often abbreviated as.
How to use Municipal bond in a sentence?
- Also, buy a new edition to get a fair price on US and local government bonds.
Meaning of Municipal bond & Municipal bond Definition