| NOUN | possession | municipal bond | a bond issued by a state or local government |
|---|
| Meaning | A bond issued by a state or local government. | |
|---|---|---|
| Narrower | utility bond, utility revenue bond | A bond issued to finance the construction of public utility services |
| Broader | bond, bond certificate | A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money |
| Spanish | bono municipal | |
| Catalan | bo municipal | |
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