What is the meaning of Municipal Bond ("Muni")?

Subtopics: muni 

Municipal Bond ("Muni") is a debt obligation issued by a county, city, district or authority, typically for day-to-day governmental needs or for special projects like building roads, schools and hospitals. Interest for most municipal bonds is exempt from federal income taxes. Income from municipal bond funds may be subject to state, local, and the federal alternative minimum tax.

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APABarry Goldsmith. (2010). Municipal Bond ("Muni"). Retrieved September 30, 2026, from http://smartdefine.org/municipal_bond_(%22muni%22)/definitions/1158642
ChicagoBarry Goldsmith. 2010. "Municipal Bond ("Muni")" http://smartdefine.org/municipal_bond_(%22muni%22)/definitions/1158642 (accessed September 30, 2026).
HarvardBarry Goldsmith 2010, Municipal Bond ("Muni"), Smart Define, viewed 30 September, 2026, <http://smartdefine.org/municipal_bond_(%22muni%22)/definitions/1158642>.
MLABarry Goldsmith. "Municipal Bond ("Muni")" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/municipal_bond_(%22muni%22)/definitions/1158642>