What is another word for municipal bond?
Pronunciation: [mjuːnˈɪsɪpə͡l bˈɒnd] (IPA) 
A municipal bond is a debt security issued by a state or local government to fund public infrastructure projects. Synonyms for municipal bond include municipal debt, muni bond, tax-exempt bond, and government bond. Municipal debt refers to the amount of money borrowed by a municipality from investors through the sale of bonds. A muni bond is a short form of municipal bond and is used to finance public works such as schools, highways, and hospitals. Tax-exempt bond means the interest earned on these bonds is exempt from federal taxation. Government bonds are debt securities issued by the government to finance government spending activities.
