Definitions for "municipal bond"
Keywords:  exempt, highway, sewer, village, town
Bond issued by a state, city, or local government. Municipalities issue bonds...
Debt obligation of a state or a local government entity. The funds may support general governmental needs or special projects.
State or local governments offer municipal bonds to pay for special projects, such as highway or sewer construction or improvements. The interest that investors receive is exempt from certain income taxes.
Keywords:  muniment, title
Muniment Of Title
Keywords:  city, promise, plus, sum, principal
a promise by a city or other public body to pay back a principal sum borrowed plus interest