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municipal bond

noun
1.
a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for municipal bonds
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Historical Examples
  • Some municipal bonds possess great convertibility; others almost none.

    How to Invest Money George Garr Henry
  • Her income was derived chiefly from municipal bonds and Mtro shares.

    To Tell You the Truth Leonard Merrick
  • The rate of income to be derived from investment in municipal bonds varies in accordance with the obligations selected.

    How to Invest Money George Garr Henry
  • The same determining factors must now be applied to a judgment of government, State, and municipal bonds.

    How to Invest Money George Garr Henry
  • Do municipal bonds, either active or inactive, conform to the requirements of the business surplus?

    How to Invest Money George Garr Henry
  • This priority of the tax lien is the foundation of the prime position of municipal bonds.

    How to Invest Money George Garr Henry
  • As a class they yield more than government or municipal bonds, and less than public-utility or industrial bonds.

    How to Invest Money George Garr Henry
municipal bonds in Culture

municipal bonds definition


Bonds issued by nonprofit bodies such as cities, public hospitals, and school boards. They bear relatively low interest rates, but accrued interest is exempt from federal income tax.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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