When a municipal bond is covered from default by an insurer.
Category: M
MUNICIPAL CORPORATION
MUNICIPAL CORPORATIONS
MUNICIPAL COURTS
MULTIWALL
MUNICIPAL IMPROVEMENT CERTIFICATE
To fund projects, local governments used this specific type of certificate . The loans issued with this certificate are interest and tax free. This helps minimize the cost to the local governments using them. The amount that the government has to pay for certain publicly sanctioned properties is lower because these certificates are funded by special assessment taxes.