municipal bonds
Local government securities
Municipal bonds are debt securities issued by state and local governments, cities, counties, or their agencies to finance public projects like schools, highways, and infrastructure.
Often called "munis," they appeal to investors because the interest income is typically exempt from federal taxes and sometimes state and local taxes as well.
She shifted her portfolio toward municipal bonds for the tax advantages.
The trade-off is generally lower yields compared to corporate bonds of similar maturity.
- tax-exemptFree from taxation
- public works projectsGovernment-funded construction for communities
- retail investorsNon-institutional securities buyers
- credit ratingsEvaluations of repayment likelihood
- AAA ratingHighest credit assessment
tax free income · tax advantages · infrastructure funding · mutual funds · institutional investors · pension funds · city hall · school district · coupon · urban renewal projects · portfolio · underwriter · interest · principal · investment · Wall Street · tax-free · maturity
- assetsproperty, cash, money, investments, bank accounts
- bondsdebentures, gilts, eurobonds, bondholder, bondholders
- civic servicesfire department, police, public library, public transit, public parks
- investmentsstocks, securities, investment, equities, holdings
- securitiessecurities, shares, equities, stocks, stock exchanges
- Canadian FinanceRBC, Bank of Canada, Scotiabank, BMO, loonie
municipal bondscorporate bonds
Debt issued by businesses
corporate debt · federal bonds · junk bonds · government bonds
municipal bondsequities
Ownership stakes in corporations
stocks · common stock · junk bonds · penny stocks · growth stocks
bond, bonds, bonding, municipal, municipality, municipalities, municipalize, municipally