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Certificateless Municipal |
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Certificateless Municipal A municipal bond with no physical bond certificate. Instead, the holder is given a receipt and the information is held electronically. Certificateless municipals have become more common as computers have become more sophisticated and exchanges have increasingly closed their trading floors. Certificateless municipals are settled by the DTCC. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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