Share this entry

Share this page

municipal bond

Syllabification: mu·nic·i·pal bond

Definition of municipal bond in English:

noun

A security issued by or on behalf of a local authority.
Example sentences
  • To obtain a fair price on U.S. Treasuries and municipal bonds, buy new issues as well.
  • He suggests municipal bonds, issued by state and local governments, as the next safest purchase.
  • That investor, however, can avoid state and federal income taxes by investing in a fund that only owns municipal bonds issued in Ohio.

Definition of municipal bond in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day tenebrous
Pronunciation: ˈtɛnɪbrəs
adjective
dark; shadowy or obscure