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Also available:
World English Dictionary
Dictionnaire Français
municipal bond
mu·nic·i·pal bond
(
plural
mu·nic·i·pal bonds
)
noun
Definition:
bond issued by local government:
a bond or security issued by a city or other local government, usually to pay for public improvements
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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