municipal bond

1. 1.

   a bond issued by a state or local government

   Broaderbond

   Narrowerutility bond

Questions about municipal bond

What does municipal bond mean?

municipal bond means "a bond issued by a state or local government".

Is municipal bond a common word?

municipal bond is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.