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municipal bond Definition

municipal bond

noun

a bond issued by a state or local government or by a nonfederal government agency, usually to provide funding for a specified purpose

municipal bond Finance Definition
A bond that is issued by a city, state, or local government agency or entity, such as a school district, to finance public works projects or raise money. Municipal bondholders don’t have to pay federal income tax on interest received from municipal bonds and also may be exempt from state and local taxes. Also called munis.
municipal bond Law Definition

n

A bond issued by a city or other municipal entity.

Browse dictionary entries near municipal bond

  1. ‹ municipal
  2. ‹ Munich
  3. ‹ muni
  4. ‹ mungo
  5. ‹ mung bean
  6. ‹ mundungus
  7. ‹ mundane
  8. ‹ Munda
  9. ‹ Muncie
  10. ‹ munchkin
  1. municipal court ›
  2. municipalism ›
  3. municipality ›
  4. municipalize ›
  5. munificence ›
  6. munificent ›
  7. muniment ›
  8. muniments (of title) ›
  9. munis ›
  10. munition ›