Municipal Bonds
Encyclopedia of Quantitative Finance (Wiley), 2009
Posted: 17 Oct 2012
Date Written: 2009
Abstract
Municipal bonds are bonds issued by local and state governments to raise funds for public works with interest payment(s) that are generally exempt from federal taxes, and often from state and local taxes as well.
Keywords: municipal bonds, tax free, tax exempt, municipal bond arbitrage, munis, muni bonds, tax arbitrage, fixed income arbitrage, tender option bond (TOB), variable-rate demand obligation (VRDO), public finance
Suggested Citation: Suggested Citation
Namvar, Ethan, Municipal Bonds (2009). Encyclopedia of Quantitative Finance (Wiley), 2009, Available at SSRN: https://ssrn.com/abstract=2162548
Ethan Namvar (Contact Author)
University of California, Berkeley - Haas School of Business ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
510-642-7989 (Phone)
HOME PAGE: http://haas.berkeley.edu
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