Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to municipal: Municipal bonds

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.


References in periodicals archive ?
Therefore, a person providing advice to a municipal entity or person regarding municipal financial products or the issuance of municipal securities should err on the side of caution, because such analysis depends on all the facts and circumstances.
These companies and their coin-operated think tanks generally make three paradoxical arguments against municipal broadband.
Here's another grim tale: A guy in my car pool owned some municipal bonds yielding 14.
We're one of fewer than 10 investment banks that have a significant presence in the municipal derivatives market and the only firm that is not a major money-center bank," notes Rice from his office on the 52nd floor in the World Trade Center.
Today, Bell is feeling the squeeze, like many who depend on municipal finance to stay in business.
to lead-manage the largest municipal bond deal in Los Angeles history: a $503 million refinancing of the L.

Full browser ?