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Municipal bond |
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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 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. 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. 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 revenue bondMunicipal revenue bondA bond issued to finance a public project that is funded by the revenues of the project. Further SuggestionsBond Buyers municipal bond indexCertificateless municipals Municipal notes Municipal improvement certificate Lehman Brothers Municipal Bond Index Municipal bond fund municipal bond insurance Taxable municipal bond municipal note Lehman Brothers California Municipal Bond Index |
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