munis
Tax-exempt securities
Munis is informal for municipal bonds—debt securities issued by state and local governments to fund public projects.
The term appears in financial contexts: Her portfolio is heavy on munis for the tax advantages.
Municipal bond interest is often exempt from federal income tax, making munis attractive to investors in high tax brackets.
Founding organizational document
- ordinanceOfficial government regulation
- governanceHow authority is exercised
- councilAdvisory deliberative group
- mayorElected head of municipality
alderman · borough · township · city · village · metropolis · urban · zoning
Tradeable financial assets
- yieldProduce or relinquish
- couponCertificate for reduced price
- issuerOne who distributes officially
- underwriterOne who assumes financial risk
tax-exempt · maturity · default · credit · rating · portfolio · investment · market
Basic physical systems
- utilitiesEssential infrastructure services
- waterClear essential liquid
- sewageLiquid refuse in drains
- electricityEnergy from charged particles
transportation · roads · bridges · sanitation · streetlights · parks · recreation · waste
charter
Founding organizational document
- ordinanceOfficial government regulation
- governanceHow authority is exercised
- councilAdvisory deliberative group
mayor · alderman · borough · township · city · village · metropolis · urban · zoning · legislation
securities
Tradeable financial assets
underwriter · tax-exempt · maturity · default · credit · rating · portfolio · investment · market · liquidity
infrastructure
Basic physical systems
electricity · transportation · roads · bridges · sanitation · streetlights · parks · recreation · waste · maintenance
muniscorporate bonds
Debt issued by businesses
corporates · corporate debt · federal bonds · junk bonds · sovereign debt
- municipal taxesCharges from local government
- municipal councilsLocal government assemblies
- municipal librariesGovernment-run community book centers
- municipal waterGovernment-provided tap supply
- municipal courtLocal government's judicial body
- municipal electionsVoting for city officials
community, immune, immunity, commune, municipal, remuneration, municipality, munificent, municipalities