municipal bond

noun

1. a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.

Example Sentences

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

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Plus, some of the money to repay the bonds might end up coming out of the city’s general coffers, said Howard Cure, director of municipal bond research at Evercore.

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The pothole stays because fixing it requires a municipal bond issue, three committee hearings and a contractor whose brother-in-law knows a guy.

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Strategists say municipal bonds performed better following the passage of the One Big Beautiful Bill Act.

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Meredith Whitney famously predicted municipal bond defaults totaling “hundreds of billions of dollars” on the show in 2010, which never happened.

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