HomeDefinitionsCompareDebt Municipal bond fundThe financial definition for Municipal bond fund:A mutual fund that invests in tax-exempt bonds issued by state, city, and/or local governments. The interest obtained from these bonds is passed through to shareholders and is generally free of federal (and sometimes state and local) income taxes. Similar MatchesBond Buyers municipal bond indexBond Buyers municipal bond indexA municipal bond price tracking index published daily by the Bond Buyer. Certificateless municipalsCertificateless municipalsMunicipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions. See: Book-entry securities. Lehman Brothers California Municipal Bond IndexLehman Brothers California Municipal Bond IndexA benchmark index that includes investment-grade, tax-exempt, and fixed-rate bonds issued in California. All securities have long-term maturities (greater than two years) and are selected from issues larger than $50 million. Further SuggestionsLehman Brothers Municipal Bond IndexLehman Brothers New York Municipal Bond Index Municipal bond insurance Municipal improvement certificate Municipal Investment Trust (MIT) Municipal notes Municipal revenue bond Click to compare definitions of Municipal bond fund Click to view definitions beginning mu |