Municipal bond

Municipal bond,

Definition of Municipal bond:

  1. A bond issued by or through a local government agency.

  2. 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?

  1. Also, buy a new edition to get a fair price on US and local government bonds.

Meaning of Municipal bond & Municipal bond Definition