short-term municipal bond fund

Short-Term Municipal Bond Fund

A mutual fund that invests predominantly or exclusively in short-term municipal bonds. The returns on a short-term municipal bond fund derive from coupons on the municipal bonds and are therefore tax exempt. The short-time frame of the bonds makes the fund quite liquid. As a result, these funds are beneficial for short term investors who wish to minimize their tax liability.

short-term municipal bond fund

See tax-exempt money market fund.

单词	short-term municipal bond fund
释义	short-term municipal bond fund Short-Term Municipal Bond Fund A mutual fund that invests predominantly or exclusively in short-term municipal bonds. The returns on a short-term municipal bond fund derive from coupons on the municipal bonds and are therefore tax exempt. The short-time frame of the bonds makes the fund quite liquid. As a result, these funds are beneficial for short term investors who wish to minimize their tax liability. short-term municipal bond fund See tax-exempt money market fund.
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