municipal bond

(redirected from Mutual Improvement Certificates)
Also found in: Thesaurus, Financial.

municipal bond

n.
An often tax-exempt bond issued by a city, county, state, or other government for the financing of public projects.

munic′ipal bond′


n.
a bond issued by a state or local authority to finance projects.
[1855–60, Amer.]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.municipal bond - a bond issued by a state or local governmentmunicipal bond - a bond issued by a state or local government
utility bond, utility revenue bond - a bond issued to finance the construction of public utility services
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
Full browser ?