municipal bond

Definition of "municipal bond"
  1. It's a financial tool used by a city or town to cover costs associated with running the local government or for certain public purposes
How to use "municipal bond" in a sentence
  1. The city is considering issuing a municipal bond to finance the new stadium.
  2. Investors are taking a keen interest in the upcoming municipal bond for the city's infrastructure project.
  3. The yield from the municipal bond will help the town finance the development of the park.

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