municipal bonds

Cultural  

1. Bonds issued by nonprofit bodies such as cities, public hospitals, and school boards. They bear relatively low interest rates, but accrued interest is exempt from federal income tax.

---

Example Sentences

Jane Lauder holds more than $1 million in Estée Lauder stock directly and millions more through family trusts, and has an extensive portfolio of municipal bonds and land holdings.

From Barron's • Apr. 14, 2026

President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, according to newly released disclosures.

From MarketWatch • Nov. 16, 2025

Advisers frequently mention municipal bonds as an important option to consider in the bond portion of the portfolio because they can be tax-free.

From MarketWatch • Nov. 12, 2025

Another option for managing AGI is moving assets from taxable money-market accounts to lower-yielding but tax-exempt municipal bonds, said Andy Whitehair of accounting firm Baker Tilly.

From The Wall Street Journal • Oct. 26, 2025

Before becoming a depository, the bank must furnish as security government, state, or municipal bonds, the limit of deposits being an amount equal to the paid-up capital and one-half the surplus....

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur