municipal bond
10
4.4
- noun
- /mjuˈnɪsɪpəl bɑnd/
- Specialized
:
bono municipal
- Investors often seek tax savings by purchasing municipal bonds issued by local governments.
Those transactions might be in dollars or EUR or municipal bonds or securities or shares.
- Those transactions might be in dollars or EUR or municipal bonds or securities or shares.
Examples
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An estimated two-thirds of municipal bonds are owned by individual investors, lured by tax incentives.
Blog text (6) -
Though the hospital was built with funds from municipal bonds, its only support from the county paid for charity care.
Academic text (1997) -
There are generally three classes of municipal bond funds: short term, intermediate term, and long term.
Blog text (11) -
And so the yields on municipal bonds have gone up.
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The U.S. Securities and Exchange Commission recently estimated the size of the municipal bond market to be approximately $2.8 trillion.
Academic text (2018) -
With some exceptions, municipal bonds are exempt from federal income taxation, making them a popular fixed income financial asset.
Academic text (2018) -
In 1988, CCWD received voter authorization to sell municipal bonds to finance the project.
Academic text (1998) -
Moreover, many investors choose to invest in municipal bonds due to their perceived security, due in part to municipal bond insurance coverage made available by a small number of insurance companies.
Academic text (2018) -
Many retirees appreciate the steady income from municipal bonds because they are exempt from federal taxes.
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The city plans to fund the new park by selling municipal bonds to local investors interested in public projects.
Synonyms
4
9.3
A loan a local government offers to raise money for public projects
How Long
- Specialized
564
4.4
- Specialized
10
4.4
- Specialized
- Specialized
Surface Forms
Morphology
The meaning 'a bond issued by a city, state, or local government' is directly and compositionally derived from 'municipal' (related to city/local authority) + 'bond' (a debt instrument). While specific details (tax-exempt status, financing public projects) are specialized, the core referent is predictable from the constituents and the adjective+noun pattern is cross-linguistically common, so a B1 learner who knows both words can infer the basic meaning.
Etymology
The noun municipal bond combines municipal (a city or local government) and bond (a written promise to pay back money). Cities sold these paper promises to raise money for schools or roads, and the interest people get is often 'tax-free', so municipal bond means a loan issued by a city that people can buy.