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| Definitions by InvestorWords.com |
| What is...? |
| municipal bond Bond issued by a state, city, or local government to finance operations or special projects; interest on it is often tax-free. also called muni. see also Blue List, dollar bond, double-exempt, ex-legal, general obligation bond, insured bond, moral obligation bond, municipal note, municipal investment trust, revenue bond, special-purpose bond, equivalent taxable yield, tax-free bond fund. |
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