Municipal note


 

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Municipal note

In the US, a municipal debt obligation with a maturity of two years or less.



Similar Matches

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 bond fund

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.


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.


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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 revenue bond

Municipal revenue bond

A bond issued to finance a public project that is funded by the revenues of the project.


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