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municipal bond

 

Definitions from WordNet

Noun municipal bond has 1 sense
  1. municipal bond - a bond issued by a state or local government
    --1 is a kind of
    bond, bond certificate
    --1 has particulars: utility bond, utility revenue bond

Definitions from the Web

Municipal Bond

A municipal bond is a type of debt instrument issued by a municipality, typically a city or a local government, to raise funds for various public projects and infrastructure developments. These bonds are typically exempt from certain taxes and are considered safe investments.

Senses:

Sense 1:

Noun: A financial instrument issued by a municipality to raise funds for public projects.

"Investing in municipal bonds provides individuals with a safe and tax-advantaged way to support local developments."

Sense 2:

Adjective: Pertaining to the municipal bonds or the local government.

"The municipal bond market has seen steady growth in recent years."

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