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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. 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. Municipal notesMunicipal notesShort-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues. Municipal noteMunicipal noteIn the US, a municipal debt obligation with a maturity of two years or less. 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. Further SuggestionsLehman Brothers California Municipal Bond IndexMunicipal Investment Trust (MIT) Lehman Brothers Municipal Bond Index Municipal improvement certificate Municipal revenue bond Bond Buyers municipal bond index Certificateless municipals Taxable municipal bond municipal bond insurance Municipal bond insurance |
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