| municipal bond n. An often tax-exempt bond issued by a city, county, state, or other government for the financing of public projects. |
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. |  municipal bond - a bond issued by a state or local governmentutility 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 |
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