Municipal Note
From Open Risk Manual
Revision as of 14:02, 24 April 2024 by Wiki admin (talk | contribs)
Definition
A Municipal Note is a short-term obligation to repay a specified principal amount on a certain date, together with interest at a stated rate, usually payable from a defined source of anticipated revenues
Notes usually mature in one year or less, although notes of longer maturities are also issued.
