Difference between revisions of "Municipal Note"
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== Definition == | == Definition == | ||
| − | '''Municipal Note''' | + | 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. | Notes usually mature in one year or less, although notes of longer maturities are also issued. | ||
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[[Category:Bonds]] | [[Category:Bonds]] | ||
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Latest revision as of 14:02, 24 April 2024
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.
