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2017 Word of the Year

municipal bond

noun
1.
a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for municipal bond
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  • The name debentures is given to a form of municipal bond in common use.

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15
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