municipal bond
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Definition(s):
- (n) a bond issued by a state or local government
Usage(s):
- Like any smart bond dealer he saw in the present municipal bond boomlet a fine opportunity to turn over his capital.
- Only 685 defaults have occurred since 1940, out of 301,016 municipal bond issues.
- The mere presidential request for higher taxes set off a small retreat in municipal bond yields, from an average 3.
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incendiary
/ɪn ˈsɛn di ɛ ri /
/ɪn ˈsɛn di ɛ ri /