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.

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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

And that doesn’t even include the trillions more in municipal bonds and corporate bonds, whose prices are heavily influenced by the Treasury market.

From MarketWatch • Jan. 12, 2026

The simplest way to achieve this is to buy municipal bonds.

From Barron's • Nov. 25, 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

How far would six one-hundred-dollar municipal bonds and—" "Good.

From Star-Dust by Hurst, Fannie