municipal bond

municipal bond
A public security; a bond issued by a municipality. An evidence of indebtedness issued as one of a series of instruments issued at the same time by a city, town, or other corporate public body, negotiable in form, payable at a designated future time, and intended for sale in the market with the object of raising money for a municipal improvement the expense of which is beyond the immediate recourses of reasonable taxation, and payment of which of necessity or reason should be distributed over a period of years. 43 Am J1st Pub Sec § 6.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • municipal bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • municipal bond — n. a bond issued by a state or local government or by a nonfederal government agency, usually to provide funding for a specified purpose …   English World dictionary

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

  • Municipal bond — State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes. The New York Times Financial Glossary * * …   Financial and business terms

  • municipal bond — State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • 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 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

  • Bond Buyer's municipal bond index — A municipal bond price tracking index published daily by the Bond Buyer. Bloomberg Financial Dictionary …   Financial and business terms

  • Municipal Bond — A debt security issued by a state, municipality or county to finance its capital expenditures. Municipal bonds are exempt from federal taxes and from most state and local taxes, especially if you live in the state in which the bond is issued.… …   Investment dictionary

  • municipal bond — noun a bond issued by a state or local government • Hypernyms: ↑bond, ↑bond certificate • Hyponyms: ↑utility bond, ↑utility revenue bond …   Useful english dictionary

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