|
|
Municipal bond |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Municipal 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.Similar MatchesMunicipal revenue bondMunicipal revenue bondA bond issued to finance a public project that is funded by the revenues of the project. Taxable municipal bondTaxable municipal bondTaxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums. Municipal bond insuranceMunicipal bond insuranceAn insurance policy which guarantees payment on municipal bonds in the event of default . 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 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 . Further SuggestionsLehman Brothers New York Municipal Bond IndexSingle state municipal bond fund Municipal notes Bond Buyers municipal bond index Certificateless municipals Lehman Brothers California Municipal Bond Index municipal note municipal bond insurance Municipal bond fund Lehman Brothers Municipal Bond Index |
|
|
|