Municipal Bond

A municipal bond is a security that is issued by a municipality in order to finance its operations.

Municipal bonds come in a variety of shapes and sizes, and can be issued as pure debt or with features that make them more likely to pay off.

Municipal bonds are often used to finance specific projects within a municipality, such as building new roads, renovating buildings, or expanding services.

Municipal bonds can also be used to finance other types of investments, such as pensions or school repairs.

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