HomeDefinitionsCompareDebt State and local government series (SLUGs)The financial definition for State and local government series (SLUGs):Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily. Similar MatchesGovernment bondGovernment bondSee: Government securities Government National Mortgage Association (Ginnie Mae)Government National Mortgage Association (Ginnie Mae)A wholly owned U.S. government corporation within the Department of Housing & Urban Development. Ginnie Mae guarantees the timely payment of principal and interest on securities issued by approved servicers that are collateralized by FHA-issued, VA-guaranteed, or Farmers Home Administration (FmHA)-guaranteed mortgages. Government obligationsGovernment obligationsU.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds. Further SuggestionsGovernment securitiesGovernment sponsored enterprises Governments Lehman Brothers Government Bond Index Lehman Brothers Government or Corporate Bond Index Salomon Brothers Non US Dollar World Government Bond Index United States government securities Click to compare definitions of State and local government series (SLUGs) Click to view definitions beginning st |