Municipal notes

Definition:

Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.

Investing Essentials


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

Term of the Day

Forward forward contract

In Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to at a fixed price for future delivery.

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


Create your free portfolio