Government Debt - Municipal, Provincial, or State Bonds

Municipal, Provincial, or State Bonds

Further information: Municipal bond

Municipal bonds, "munis" in the United States, are debt securities issued by local governments (municipalities).

Read more about this topic:  Government Debt

Famous quotes containing the words state and/or bonds:

    Alexander Woollcott broadcasts the story of the wife who returned a dog to the Seeing Eye with this note attached: “I am sending the dog back. My husband used to depend on me. Now he is independent, and I never know where he is.”
    —For the State of New Jersey, U.S. public relief program (1935-1943)

    In America a woman loses her independence for ever in the bonds of matrimony. While there is less constraint on girls there than anywhere else, a wife submits to stricter obligations. For the former, her father’s house is a home of freedom and pleasure; for the latter, her husband’s is almost a cloister.
    Alexis de Tocqueville (1805–1859)