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municipal bonds
- Bonds issued by nonprofit bodies such as cities, public hospitals, and school boards. They bear relatively low interest rates , but accrued interest is exempt from federal income tax.
Example Sentences
And of course, savings accounts and and t-bills and municipal bonds are also debts.
Coffee traders in Chicago stuck to coffee, municipal bond traders in New York stuck to municipal bonds, and so on.
Of that amount, $45 million is in municipal bonds on deposit at Cohmad Securities Corp, which is co-owned by her MF husband.
I was familiar with every detail of the law governing municipal bonds and contract letting.
Municipal bonds are issued by cities and other municipalities to raise money for local improvements.
Her income was derived chiefly from Municipal Bonds and Mtro shares.
This priority of the tax lien is the foundation of the prime position of municipal bonds.
Some municipal bonds possess great convertibility; others almost none.
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