municipal bonds

municipal bonds
n.
Securities sold by a city, county, state, or other local government body to raise money for municipal expenses and projects, payable at a specified future date with interest that is exempt from federal and some state income tax.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Municipal Revenue Bonds — Municipal Revenue BondsThe Supreme Court of the United States decision of Pollock v. Farmers Loan Trust Co. of 1895 initiated a wave or series of innovations for the financial services community in both tax treatment and regulation from… …   Wikipedia

  • Municipal Bond Arbitrage — Municipal bond arbitrage, also called municipal bond relative value arbitrage, municipal arbitrage, or just muni arb, generally consists of building a leveraged portfolio of high quality, tax exempt municipal bonds and simultaneously hedging the… …   Wikipedia

  • Municipal bond arbitrage — Municipal bond arbitrage, also called municipal bond relative value arbitrage, municipal arbitrage, or just muni arb, generally consists of building a leveraged portfolio of high quality, tax exempt municipal bonds and simultaneously hedging the… …   Wikipedia

  • municipal — mu‧ni‧ci‧pal [mjuːˈnɪspl ǁ mjʊ ] adjective belonging to or connected with the government of a town or city: • Municipal budgets are under great strain. • a strike by municipal employees municipally adverb : • a municipally owned hospital * * *… …   Financial and business terms

  • Municipal bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • municipal — In narrower, more common, sense, it means pertaining to a local governmental unit, commonly, a city or town or other governmental unit. In its broader sense, it means pertaining to the public or governmental affairs of a state or nation or of a… …   Black's law dictionary

  • municipal — In narrower, more common, sense, it means pertaining to a local governmental unit, commonly, a city or town or other governmental unit. In its broader sense, it means pertaining to the public or governmental affairs of a state or nation or of a… …   Black's law dictionary

  • Municipal Bond Arbitrage — A strategy that consists of building a portfolio of tax exempt municipal bonds and simultaneously hedging the duration risk of the portfolio through the short sale of equivalent taxable corporate bonds of the same maturity, generally interest… …   Investment dictionary

  • Municipal Bond Fund — A mutual fund that invests in municipal bonds, or munis. Municipal bonds are debt securities issued by a state, municipality, county, or special purpose district (public schools, airports, etc.) to finance capital expenditures. They are exempt… …   Investment dictionary

  • Municipal Securities Rulemaking Board — The Municipal Securities Rulemaking Board, often referred to as the MSRB, writes investor protection rules and other rules regulating broker dealers and banks in the United States municipal securities market, including tax exempt and taxable… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”