municipal note
- noun
- /mjuːˈnɪsɪpəl noʊt/
- Specialized
:
nota municipal
- The city issued a municipal note to finance urgent infrastructure repairs.
Examples
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That municipal note will mature in just eighteen months, providing quick access to capital.
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Investors are interested in municipal notes for their tax advantages.
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Investors often consider a municipal note for its short maturity and relatively low risk.
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The city issued a new municipal note to fund local projects.
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Investors often consider a municipal note for its short maturity and relatively low risk.
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That municipal note will mature in just eighteen months, providing quick access to capital.
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The city issued a municipal note to finance urgent infrastructure repairs.
Synonyms
564
4.4
A certificate promising to repay borrowed money with interest
10
4.4
A loan a city or state sells to pay for public projects, often free from federal taxes
4
9.3
A loan a local government offers to raise money for public projects
An official paper that shows a loan to a government or company, with amount, interest, and payback date
How Long
- Specialized
564
4.4
- Specialized
10
4.4
- Specialized
- Specialized
Surface Forms
Morphology
The meaning 'a short-term debt security issued by a local government' is directly derivable from combining 'municipal' (relating to a city or local authority) with 'note' (a financial instrument or IOU). This is a straightforward noun–noun composition following common English patterns, so a B1 learner who knows both words would likely infer the intended financial meaning despite some technicality.
Etymology
Municipal note comes from municipal meaning 'of a town or city' and note meaning a 'written promise to pay' or 'IOU'. So a municipal note is the short IOU a local government issues when it needs money quickly.