| 释义 |
municipal note
Thesaurus| Noun | 1. | municipal note - a municipal debt instrument with a maturity of less than 2 yearsnote of hand, promissory note, note - a promise to pay a specified amount on demand or at a certain time; "I had to co-sign his note at the bank" |
municipal note
Municipal NoteA short-term debt security issued by a local or state government. Generally speaking, a municipal note has a maturity from three months to three years. Municipal notes are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a note to build a new park or a new playground. Municipal notes are exempt from federal income taxes and sometimes from state and local taxes as well. Municipal notes usually pay lower coupons than corporate notes with similar maturities, but because the yield is tax-free, the after-tax basis may be higher for a municipal bond. Risk varies with the municipality and the particular type of municipal note. See also: Tax Anticipation Note.municipal note A temporary debt incurred by states, local governments, and special jurisdictions. Municipal notes are usually issued with a maturity length of 12 months, although maturities can range from 3 months to 3 years.municipal note
Words related to municipal notenoun a municipal debt instrument with a maturity of less than 2 yearsRelated Words- note of hand
- promissory note
- note
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