Municipal bond fund

 

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Municipal bond fund

A 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 Matches

Municipal improvement certificate

Municipal improvement certificate

A certificate used to finance local government projects and services which is financed by a special tax assessment and provides tax-free interest .


Municipal bond insurance

Municipal bond insurance

In the US, an insurance policy which guarantees a mutual bond in the case of default, issued by private insurers.


Taxable municipal bond

Taxable municipal bond

Taxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums.


Municipal notes

Municipal notes

Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.


Certificateless municipals

Certificateless municipals

Municipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions. See: Book-entry securities.


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Municipal Investment Trust (MIT)
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Single state municipal bond fund
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