municipal bonds

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

And of course, savings accounts and and t-bills and municipal bonds are also debts.

From The Daily Beast

Coffee traders in Chicago stuck to coffee, municipal bond traders in New York stuck to municipal bonds, and so on.

From The Daily Beast

Of that amount, $45 million is in municipal bonds on deposit at Cohmad Securities Corp, which is co-owned by her MF husband.

From The Daily Beast

I was familiar with every detail of the law governing municipal bonds and contract letting.

From Project Gutenberg

Municipal bonds are issued by cities and other municipalities to raise money for local improvements.

From Project Gutenberg

Her income was derived chiefly from Municipal Bonds and Mtro shares.

From Project Gutenberg

This priority of the tax lien is the foundation of the prime position of municipal bonds.

From Project Gutenberg

Some municipal bonds possess great convertibility; others almost none.

From Project Gutenberg