Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A certificateless municipal bond that may be registered and traded on an exchange. A certificateless municipal bond does not issue individual certificates in order to facilitate trade. A citizen bond provides an extra layer of ease by trading on an exchange. Unlike other municipal bonds, many citizen bonds have their prices listed in daily publications.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved