MUD

Definition:

A municipal utility district, which is a political subdivision that administers utility-related services, sometimes requiring the issue of special assessment bonds.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

First preferred stock

A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio