Home  Term of the Day | ||||
| municipal Pertaining to city government, as opposed to state or national government. From the point of view of an investor, the municipal government is a very important entity since they are large issuers of tax-advantaged bonds. Municipal governments issue bonds (sometimes called "munis") to raise capital for their day-to-day activities, and for specific projects that they might be undertaking (usually... | ||||
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| Usage Example Municipal bonds are not subject to most forms of taxation, making them a wise investment for scrupulous investors all over the country. | ||||
Term of the Day
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