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certificateless municipal bond
Definition
A municipal bond which does not have a certificate of ownership for each bondholder. Instead, one certificate is valid for the whole issue, enabling investors to trade the bonds without having to transfer certificates.
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Nearby Terms
- certificate of tax deducted
- certificate of title
- Certificate of Veteran Status
- certificated bankrupt
- certificated stock
- certificateless municipal bond
- Certificates for Amortizing Revolving Debts
- certificates of accrual on treasury securities (CATS)
- certificates of automobile receivables (CAR)
- certification
- certified accountant
