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Municipal Bonds - Definition
Below, you'll find a definition of this investing term...

Definition:  Bonds issued by state, municipalities, or counties.  These bonds help finance public projects (schools, highways, etc.) and are tax-free investments.

TeenAnalyst Advice: People tend to like "muni's" because they're tax-free investments.  Because of this reason, they're particularly popular among people in higher income tax brackets.

Muni's are used to help fund a number of public projects, such as highways, bridges, schools, and prisons.

 

Related Sections on Our Website

Investing - Learn more about investing basics and strategies.

Bonds - Learn about investing in bonds.

 

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