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Municipal bond fund |
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Municipal 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.Municipal bond fund Similar MatchesMunicipal bond insuranceMunicipal bond insuranceAn insurance policy which guarantees payment on municipal bonds in the event of default . Lehman Brothers New York Municipal Bond IndexLehman 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. Taxable municipal bondTaxable municipal bondTaxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums. Bond Buyers municipal bond indexBond Buyers municipal bond indexA municipal bond price tracking index published daily by the Bond Buyer. 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. Further SuggestionsCertificateless municipalsLehman Brothers California Municipal Bond Index Lehman Brothers Municipal Bond Index Municipal improvement certificate Municipal revenue bond municipal note Municipal Investment Trust (MIT) Municipal notes municipal bond municipal bond insurance |
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