municipal bonds


municipal bonds
n.
Securities sold by a city, county, state, or other local government body to raise money for municipal expenses and projects, payable at a specified future date with interest that is exempt from federal and some state income tax.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

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  • municipal — In narrower, more common, sense, it means pertaining to a local governmental unit, commonly, a city or town or other governmental unit. In its broader sense, it means pertaining to the public or governmental affairs of a state or nation or of a… …   Black's law dictionary

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  • Municipal Securities Rulemaking Board — The Municipal Securities Rulemaking Board, often referred to as the MSRB, writes investor protection rules and other rules regulating broker dealers and banks in the United States municipal securities market, including tax exempt and taxable… …   Wikipedia


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