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单词 municipal bonds
释义

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.

Words nearby municipal bonds

Munich, Munich Pact, municipal, municipal bond, municipal bond fund, municipal bonds, municipal corporation, municipal court, municipalism, municipality, municipalize
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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更新时间:2024/12/23 13:54:57