municipal

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Municipal Bond

A bond issued by a local or state government. Municipal bonds are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bond to build a new school or a new playground. Municipal bonds are exempt from federal income taxes and sometimes from state and local taxes as well. Municipals usually pay lower coupons than corporate bonds, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Risk varies with the municipality and the particular type of municipal bond. It is sometimes called a municipal improvement certificate.

municipal

References in periodicals archive ?
While the Internet systems in Paragould and Conway are municipally owned, the operating companies are nonprofits--an organizational structure that can benefit the end user.
Under the bill, a municipally owned power utility would be able to make an irrevocable election about its approach to future financing.
Admitting that the creation of a fish hatchery is only appropriate for a municipal government to undertake if the venture is economically sound, he said the municipally operated hatchery in the Sault has strengthened the tourism industry in the city by improving sport fishing.
Provision of comprehensive maintenance services for buildings, schools and sports facilities municipally owned assigned to the District of Carabanchel.
Produce a municipally approved preliminary geometric layout that meets all MnDOT, CSAH and Washington County requirements.
grant of custody of the management of municipally owned sports center site on the streets of corradina and used as a swimming pool, soccer fields, tennis courts, gym, with adjoining restaurant, bars and clubs that are part of the real estate, pursuant to art.
Contract notice: Power supply via a power contracting for municipally owned property in the district beuern