HomeDefinitionsCompareDebt Public purpose bondThe financial definition for Public purpose bond:A specific type of municipal bond used to finance public projects such as roads or government buildings. Interest on municipal bonds is federal income tax-free. Similar MatchesDual purpose fundDual purpose fundA closed-end fund consisting of two classes of shares. The two classes are preferred shares, on which shareholders receive all the dividends and interest from the portfolio, and common shares, on which shareholders receive all the capital gains. Essential purpose (or function) bondEssential purpose (or function) bondSee: Public purpose bond Nonpurpose loanNonpurpose loanA loan with securities pledged as collateral, but which is not to be used in securities trading or transactions. Further SuggestionsPrivate purpose bondPurpose credit Purpose loan Purpose statement Click to compare definitions of Public purpose bond Click to view definitions beginning pu |