municipal bond
Local government loan
A municipal bond is a debt security issued by a state, city, county, or other local government entity to finance public projects like schools, roads, or hospitals.
The interest earned is typically exempt from federal income taxes and often from state taxes for residents: She invested in municipal bonds for the tax advantages.
Often shortened to muni bond or just muni.
Produce or relinquish
- couponCertificate for reduced price
- maturityFull growth achieved
- principalChief school administrator
- interest rateCost of borrowing money
credit rating · underwriter · issuance · callable · prospectus · default · par value · zero-coupon
Free from taxation
- tax bracketTaxable income category
- tax-advantagedOffering tax benefits
- tax shelterLegal income-shielding arrangement
Large populated area
- countyLocal administrative division
- stateCondition or mode
- townshipCounty's smaller division
- school districtGeographic education administrative unit
water district · port authority · transit authority · housing authority · public utility · territory · agency · authority
Paved paths for vehicles
- bridgesStructures spanning obstacles
- sewersUnderground waste conduits
- water systemsInfrastructure distributing potable liquid
- airportsFacilities for aircraft arrival
hospitals · schools · stadiums · toll roads · public transit · utilities · flood control · convention centers
Nonprofessional who trades securities
- institutional investorEntity investing pooled capital
- mutual fundPooled, managed investment vehicle
- money market fundLow-risk pooled investment
- portfolioCollected works or assets
yield
Produce or relinquish
interest rate · credit rating · underwriter · issuance · callable · prospectus · default · par value · zero-coupon · premium
tax-exempt
Free from taxation
- tax bracketTaxable income category
- tax-advantagedOffering tax benefits
- tax shelterLegal income-shielding arrangement
city
Large populated area
school district · water district · port authority · transit authority · housing authority · public utility · territory · agency · authority
roads
Paved paths for vehicles
- bridgesStructures spanning obstacles
- sewersUnderground waste conduits
- water systemsInfrastructure distributing potable liquid
airports · hospitals · schools · stadiums · toll roads · public transit · utilities · flood control · convention centers · parking garages
retail investor
Nonprofessional who trades securities
- institutional investorEntity investing pooled capital
- mutual fundPooled, managed investment vehicle
- money market fundLow-risk pooled investment
portfolio · diversification · laddering · risk tolerance · retiree
- bondsdebentures, gilts, eurobonds, ask price, bid price
- city termsmayor, city council, city hall, zoning laws, urban sprawl
- financial instrumentspromissory notes, check, cheque, checks, bank drafts
- tax-free incometax-free income, non-taxable income, non-taxable, tax-exempt, Roth IRA
- yield producersdividend stock, preferred stock, savings account, money market
- NYC Governmentmayor, city council, comptroller, public advocate, city clerk
municipal bondcorporate bond
Company-issued debt security
government bond · Treasury note · corporate debt · Treasury bill · taxable income
bond, bonds, bonded, bonding, municipal, bondage, municipality, bondholder, municipalities