municipal bond

municipal bond

State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
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Related terms

Municipal bonds

Financial services; Stocks & securities

Fixed-income debt securities in cities, which are either free of federal tax or completely tax free for local residents.

municipal bonds

Financial services; Funds

Fixed-income securities issued by a municipality whose interest, depending on place of residence, may be exempt from state and local taxes.

taxable municipal bond

Financial services; General Finance

Taxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums.

municipal bond insurance

Financial services; General Finance

An insurance policy which guarantees payment on municipal bonds in the event of default .

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bankers' acceptances (BA)

Financial services; General Finance

Sometimes known as time drafts, these are bearer-form short-term non-interest-bearing notes sold at a discount, redeemed by accepting banks for full face value at maturity.

bed and breakfast deal

Financial services; General Finance

The sale of a share and its repurchase shortly after the beginning of a new tax year. This allows shareholders to register a capital loss or profit for tax purposes while ...

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Financial services; General Finance

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