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Lehman Brothers New York Municipal Bond Index |
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Lehman Brothers New York Municipal Bond IndexA benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in the state of New York. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million.Lehman Brothers New York Municipal Bond Index Similar MatchesMunicipal revenue bondMunicipal revenue bondA bond issued to finance a public project that is funded by the revenues of the project. Single state municipal bond fundSingle state municipal bond fundA mutual fund investing only in government obligations within a single state, with state tax-free dividends, but taxed capital gains. Municipal bond insuranceMunicipal bond insuranceAn insurance policy which guarantees payment on municipal bonds in the event of default . Municipal improvement certificateMunicipal improvement certificateA certificate used to finance local government projects and services which is financed by a special tax assessment and provides tax-free interest . Municipal bond fundMunicipal bond fundA mutual fund that invests in tax-exempt bonds issued by state, city, and/or local governments. The interest obtained from these bonds is passed through to shareholders and is generally free of federal (and sometimes state and local) income taxes. Further SuggestionsLehman Brothers California Municipal Bond Indexmunicipal bond Certificateless municipals municipal note Bond Buyers municipal bond index Taxable municipal bond Municipal notes Lehman Brothers Municipal Bond Index Municipal Investment Trust (MIT) municipal bond insurance |
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