Municipal revenue bond


 

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Municipal revenue bond

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



Municipal revenue bond

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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.


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A benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in California. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million.


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In 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.


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


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