MUNICIPAL BOND

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A bond issued by a state or local government

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("municipal bond" is a kind 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)

Hyponyms (each of the following is a kind of "municipal bond"):

utility bond; utility revenue bond (a bond issued to finance the construction of public utility services)

Credits