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Municipal Bond
Term category: Bonds
In 10 words or less:  A type of bond issued by a government that is tax-free (federal).

Definition: Bonds issued by state, municipalities, or counties. These bonds help finance public projects (schools, highways, etc.) and are tax-free investments.

StockJargon Advice: People tend to like "muni's" because they're tax-free investments. Because of this reason, they're particularly popular among people in higher income tax brackets.

Muni's are used to help fund a number of public projects, such as highways, bridges, schools, and prisons.

Related Articles

Municipal Bonds
Municipal bonds are bonds issued by local governments for the purpose of financing public projects.

Savings Bonds
Savings bonds, while not exciting, are still commonly held by investors. This article explains them.

Zero-coupon Bonds
Zero-coupon bonds differ from regular bonds because they don't pay out interest. Instead, the interest is accrued and investors benefit from the increase in price.

Related Books

The Fundamentals of Municipal Bonds by The Bond Market Association
The Bond Book by Annette Thau
How the Bond Market Works by Robert Zipf
Beating the Dow with Bonds By Michael B. O'Higgins

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