municipal bond

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municipal bond

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

munic′ipal bond′

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
References in periodicals archive ?
There are many municipal security credits and a variety of bonds, notes, certificates of participation, warrants, variable-rate securities, commercial paper, lease-purchase obligations, and other forms of instruments.
UNDER THE DODD-FRANK ACT, municipal security advisors must have registered with the Securities and Exchange Commission (SEC) by October 1.
One mechanism commonly used by broker's brokers to bring together sellers and potential buyers of a specific municipal security is referred to as a "bid-wanted," in which the broker's broker seeks bids from dealers for a particular bond that another dealer wishes to sell.

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