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national municipal short-term bond fund

national municipal short-term bond fund definition - finance
A bond mutual fund that invests predominately in municipal bonds that have an average maturity of one to five years. This type of bond fund is usually exempt from federal income tax but may be taxed under state or local laws.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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