What is another word for municipals?
Pronunciation: [mjuːnˈɪsɪpə͡lz] (IPA) 
Municipals, also known as municipal bonds, are bonds issued by a city, state or other local government agency to raise money for public projects. Synonyms for municipals include municipal securities, local government bonds, public finance bonds, county bonds, and state bonds. These bonds are typically exempt from federal taxes and may also be exempt from state and local taxes, making them a popular investment option for individuals and institutions looking for tax-free income. Investing in municipals can be a way to support local communities while earning a steady stream of income, but it is important to carefully research the creditworthiness of the issuing municipality before investing.
