municipal bond
noun
a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.
Words nearby municipal bond
muni bond fund,
munic.,
munich,
munich pact,
municipal,
municipal bond,
municipal bond fund,
municipal bonds,
municipal corporation,
municipal court,
municipalism
Cultural definitions for municipal bonds
municipal bonds
Bonds issued by nonprofit bodies such as cities, public hospitals, and school boards. They bear relatively low interest rates, but accrued interest is exempt from federal income tax.