municipal bonds


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.

Words Nearby municipal bonds

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

How to use municipal bonds in a sentence

  • Her income was derived chiefly from municipal bonds and Mtro shares.

    To Tell You the Truth | Leonard Merrick
  • This priority of the tax lien is the foundation of the prime position of municipal bonds.

    How to Invest Money | George Garr Henry
  • Some municipal bonds possess great convertibility; others almost none.

    How to Invest Money | George Garr Henry