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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

munic′ipal bond′

a bond issued by a state or local authority to finance projects.
[1855–60, Amer.]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
'Let me give the strongest assurance that we will not rest until the war against these criminals is won', he said, adding that 'the police has intensified its patrols with the support of the municipal security committee'.
(52) The final GAO report "examin[cd] (1) municipal security trading in the secondary market and the factors that affect the prices investors receive, and (2) the Securities and Exchange Commission's (SEC) and self-regulatory organizations' (SRO) enforcement of rules on fair pricing and timely reporting." (53) As part of this report, GAO noted that municipal issuers' disclosures were sometimes outdated and incomplete.
Without admitting or denying the findings, UBS consented to the sanctions and to the entry of findings that it effected customer transactions in a municipal security in an amount lower than the minimum denomination of the issue which were not subject to an exception under the rule.

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