municipal bond



  • noun a bond issued by a town or district


  • A debt instrument issued by cities, counties, states or other local government agencies to finance public projects. The coupons on municipal bonds or munis are often exempted from taxation, and investors desiring forex exposure can purchase munis denominated in currencies other than their own.


  • noun a financial investment offered by a city or other local government to the general public, usually to pay for improvements to public facilities.