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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 MatchesSingle 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 Investment Trust (MIT)Municipal Investment Trust (MIT)A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free. Municipal bondMunicipal bondIn the US, a bond issued by a state or local government to raise money - often to pay for a special project such as a highway. In certain cases, interest is tax exempt. Lehman Brothers California Municipal Bond IndexLehman Brothers California Municipal Bond IndexA benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in California. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million. Municipal bond insuranceMunicipal bond insuranceAn insurance policy which guarantees payment on municipal bonds in the event of default . Further SuggestionsCertificateless municipalsTaxable municipal bond municipal note Municipal revenue bond municipal bond insurance Municipal notes Lehman Brothers Municipal Bond Index Municipal improvement certificate Lehman Brothers New York Municipal Bond Index Bond Buyers municipal bond index |
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