(myuni bɒndz) or municipal bonds
noun(
Finance: Investment)
Muni bonds are bonds issued by local municipal governments on which the interest is often tax-free.
State or local governments offer muni bonds to pay for special projects such as highways or sewers.
Muni bonds have usually yielded slightly less than Treasury debt, thanks to a tax exemptionon interest income and a reputation for safety.
Muni bonds are bonds issued by local municipal governments on which the interest is often tax-free.
bond