Municipal Bond

Topics:
Investment and Capital Markets
Tags:
Finance,
Financial Planning,
Income Tax,
Investopedia,
Municipal Bond,
Munis,
Taxes
Source:
Investopedia

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Overview: This tutorial articulates about Municipal bond. Municipal bonds, sometimes referred to as "munis", are debt securities issued by a state, municipality or county, to finance its capital expenditures. Such expenditures might include the construction of highways, bridges or schools. Munis are bought for their favorable tax implications and are popular with people in high income tax brackets.

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