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Municipal bonds
Fixed-income debt securities in cities, which are either free of federal tax or completely tax free for local residents.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Stocks & securities
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municipal bond
Financial services; Stocks & securities
Municipal bonds, aka 'munis', are debt issued from the government, with a promise to pay back in the future. The reason why these munis become attractive for an investor is when ...
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