municipal bond

/mjuˌnɪsəpəl ˈbɑnd/
IPA guide

Other forms: municipal bonds

Definitions of municipal bond
  1. noun
    a bond issued by a state or local government
    see moresee less
    types:
    utility bond, utility revenue bond
    a bond issued to finance the construction of public utility services
    type of:
    bond, bond certificate
    a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
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