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

By the 1980s, the financial collapse of the nuclear program resulted in what was then the largest municipal bond default in history, and some salmon stocks neared extinction.

From Seattle Times

In the early 1980s, Van Eaton began four decades of working in the municipal bond business.

From Seattle Times

By the early 1980s, Van Eaton began four decades of working in the municipal bond business.

From Seattle Times

What Citigroup’s exit from the $4 trillion market for municipal bonds, a field it once dominated, means for the business of financing state and local governments.

From New York Times

The deal would also lower the proportion of a building that must be financed by municipal bonds to 30 percent from 50 percent in order for its developer to qualify for the credit.

From New York Times