municipal security


Short-term issues (sometimes called "notes") which generally mature in under a year; and municipal bonds which mature in more than a year. Short-term municipal securities are used by municipalities to pay for taxes, recover from budget deficits, state and federal aid payments, or to provide necessary funding for local public projects until longer term financing is obtained. Municipal bonds are used to finance long-term projects for the municipality.

Use municipal security in a sentence

You should try and make sure you have done your homework before you decide to take on a municipal security.

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I thought the municipal security was an important thing for us and that made me wonder what we would do in the long term.

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A municipal security isn't something you should look into if you are saving for retirement; if you ware looking more long-term you need to consider municipal bonds.

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tax-exempt money market fund Municipal Securities Rulemaking Board