Financial Definition of Municipal Bond
Meaning of Municipal Bond
State or local governments offer muni bonds or municipals, as they are called, to pay for special projects such as highways or sewers. The interest that investors receive is exempt from some income taxes.
Legal Definition of Municipal Bond
A bond issued by a state or a political subdivision, such as county, city, town or village. The term also designates bonds issued by state agencies and authorities. In general, interest paid on municipal bonds is exempt from federal income taxes and state and local taxes within the state of issue. However, interest may be subject to the alternative minimum tax (AMT).
Related Entries of Municipal Bond in the Encyclopedia of Law Project
Browse or run a search for Municipal Bond in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Municipal Bond in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Municipal Bond in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Municipal Bond in the Legal Abbreviations and Acronyms Dictionary.
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You might be interested in these references tools:
| Resource | Description |
|---|---|
| Municipal Bond in the Dictionary | Municipal Bond in our legal dictionaries |
| Related topics | Browse topics from the World Wiki Encyclopedia of Law |
| Browse the Legal Thesaurus | Find synonyms and related words of Municipal Bond |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Municipal Bond in the World Encyclopedia of Law |
What is Municipal Bond?
Vocabularies (Semantic Web Information)
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| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/municipal-bond | The URI of Municipal Bond (more about URIs) |
Municipal Bond Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Municipal Bond in a way that is easy for anybody to understand: BOND issued by a government or public body, the INTEREST on which is typically exempt from federal taxation.
United States Tax Concept of Municipal Bond
A bond issued by a state or local government. Interest earned is generally tax-free. The interest may or may not be taxable by your state, depending on its laws and whether the bond was issued by your state or an authority in your state. When you sell a municipal bond you may have a capital gain or a capital loss subject to the capital gain and loss rules.
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