municipal note

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Noun1.municipal note - a municipal debt instrument with a maturity of less than 2 years
note of hand, promissory note, note - a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank"
References in periodicals archive ?
If the FDIC did borrow from the Treasury, it would be subject to some costs, and the automatic increase in bank insurance premiums would probably generate political heat for the FDIC; however, these costs are likely to be less than those faced by corporate and municipal note issuers.
Meanwhile, yields of one-year municipal notes have risen from 0.
In addition, the local officials believe that acceptance of the SEC offer could impair the county's ability to issue future tax-exempt municipal notes and bonds, as well as encourage lawsuits againt the local government by investors.

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