[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:municipal-bond":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fmunicipal-bond.md","Municipal Bond",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-municipal-bond","Understanding Municipal Bond",[16,17,18],"p",{},"Municipal bonds, or munis, fund schools, roads, hospitals, and other public projects. Their interest is generally exempt from federal income tax, and often from state tax for residents of the issuing state.",[16,20,21],{},"Because of the tax benefit, munis usually pay lower yields than similar taxable bonds, so they tend to suit investors in higher tax brackets.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"investing","A bond issued by a state, city, or other local government in the U.S.","md",[],{},true,"\u002Fterms\u002Fmunicipal-bond",[35,36,37],"bond","tax-bracket","credit-rating",{"title":6,"description":28},"terms\u002Fmunicipal-bond",[41,42,43],"Munis are bonds issued by U.S. state and local governments.","Interest is usually free of federal income tax.","They suit investors in higher tax brackets.","J62qSFKPWaVTvU1xSMZ_Yh9IaErtcSWu-eP6mujRGvs",[46,50,54],{"title":47,"description":48,"path":49},"Bond","A loan an investor makes to a government or company in exchange for interest payments.","\u002Fterms\u002Fbond",{"title":51,"description":52,"path":53},"Credit Rating","An assessment of a borrower's ability to repay its debt.","\u002Fterms\u002Fcredit-rating",{"title":55,"description":56,"path":57},"Tax Bracket","A range of income taxed at a particular rate in a progressive tax system.","\u002Fterms\u002Ftax-bracket",1793374005494]