MoneyGlossary.com
Home  

Municipal Bond

Definition: Bond issued by a state, county, or city, on which interest is exempt from federal and state income taxes. Definition: [crh] State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The Definition: HREF="/?rd=interest">interest that investors receive is exempt from some income taxes.

<< Go back