Municipal Note (Noun)
Meaning
A municipal debt instrument with a maturity of less than 2 years.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The municipality issued a municipal note with a maturity of 18 months to finance its short-term infrastructure projects.
- Investors were attracted to the municipal note's competitive interest rate and low risk profile.
- The city's municipal note was rated highly by credit agencies due to its strong financial statements.
- To raise funds for its current operations, the town Council decided to issue a municipal note with a one-year maturity.
- The issuer of the municipal note was required to disclose its financial condition and budgetary plans to potential investors.