municipal bond

noun

1. a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.

Example Sentences

Like other cities, the city government sold municipal bonds to investors to keep itself afloat.

From Freakonomics

Bank of America pays $137 million to settle government claims it rigged the municipal-bond market.

From The Daily Beast

Coffee traders in Chicago stuck to coffee, municipal bond traders in New York stuck to municipal bonds, and so on.

From The Daily Beast

But his huge municipal-bond stake—the economist version of putting cash into a mattress—returned a positive 1.76 percent.

From The Daily Beast

The municipal-bond market would have also been thrown into turmoil.

From The Daily Beast

The name debentures is given to a form of municipal bond in common use.

From Project Gutenberg