| 释义 |
short-term municipal bond fund Short-Term Municipal Bond FundA mutual fund that invests predominantly or exclusively in short-term municipal bonds. The returns on a short-term municipal bond fund derive from coupons on the municipal bonds and are therefore tax exempt. The short-time frame of the bonds makes the fund quite liquid. As a result, these funds are beneficial for short term investors who wish to minimize their tax liability.short-term municipal bond fund See tax-exempt money market fund. |