Definition of municipal bond in English:

municipal bond

Syllabification: mu·nic·i·pal bond

noun

A security issued by or on behalf of a local authority.
More 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:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day hypnopompic
Pronunciation: ˌhɪpnə(ʊ)ˈpɒmpɪk
adjective
relating to the state immediately preceding waking up