municipal bond
n. tax free bond issued by a local government or state | ||||
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Municipal bond definition was found in categories: Business & Finance(3) Language, Idioms & Slang(1) Law(1) Encyclopedia(1)
Municipal bond Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Municipal bond
State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes.
State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes.
| BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin. |
Municipal Bond
A bond issued by state or local government. Interest from these bonds is generally tax-free to residents but in some cases, interest is federally taxable if subject to Alternative Minimum Tax. Note that any capital gain realized by trading a municipal bond is subject to capital gains tax. Because of this hybrid tax situation, municipal bonds are normally put in taxable brokerage accounts since there is no special account for them. See Bonds.
A bond issued by state or local government. Interest from these bonds is generally tax-free to residents but in some cases, interest is federally taxable if subject to Alternative Minimum Tax. Note that any capital gain realized by trading a municipal bond is subject to capital gains tax. Because of this hybrid tax situation, municipal bonds are normally put in taxable brokerage accounts since there is no special account for them. See Bonds.
| Bond Professor's Glossary |
Municipal Bond
A general term referring to securities issued by states and local government agencies such as cities, towns, counties, and special districts. A primary feature of these securities is that interest on them is generally exempt form federal income taxation and, in some cases, state income taxation. Because of this feature, the interest rates on municipal bonds are lower than interest rates on other types of bonds, but when taking into account one's income taxes, often provide a comparable, or better, rate of return.
A general term referring to securities issued by states and local government agencies such as cities, towns, counties, and special districts. A primary feature of these securities is that interest on them is generally exempt form federal income taxation and, in some cases, state income taxation. Because of this feature, the interest rates on municipal bonds are lower than interest rates on other types of bonds, but when taking into account one's income taxes, often provide a comparable, or better, rate of return.
Municipal bond Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
municipal bond
Noun
1. a bond issued by a state or local government
(hypernym) bond, bond certificate
(hyponym) utility bond, utility revenue bond
Noun
1. a bond issued by a state or local government
(hypernym) bond, bond certificate
(hyponym) utility bond, utility revenue bond
Municipal bond Definition from Law Dictionaries & Glossaries
| The 'Lectric Law Library |
Municipal Bond
Tax-free debt instrument issued by a state or local government.
Tax-free debt instrument issued by a state or local government.
Municipal bond Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Municipal bond
In the United States, a municipal bond (or muni) is a bond issued by a state, city or other local government, or their agencies. Potential issuers of municipal bonds include cities, counties, redevelopment agencies, school districts, publicly owned airports and seaports, and any other governmental entity (or group of governments) below the state level. Municipal bonds may be general obligations of the issuer or secured by specified revenues. Interest income received by holders of municipal bonds is often exempt from the federal income tax and from the income tax of the state in which they are issued, although municipal bonds issued for certain purposes may not be tax exempt.
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