Municipal security and Mutual: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
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''Securities - United States.''
An organisation owned and controlled by its customers, although day to day management will often be undertaken by professional managers, especially in larger mutuals.


In the US, municipal securities are ones issued by state and local governments.
Building societies are mutual organisations.


They are generally issued in two forms: short-term notes (1 day to 1 year) and bonds (1 to 30 years).


 
==See also==
Their income is exempt from US taxes and usually from state and local taxes in the state where they were issued.
*[[Building society]]
 
*[[Shareholder]]
 
== See also ==
* [[An introduction to debt securities]]
* [[Bond]]
* [[Gilt-edged securities]]
* [[Notes]]
* [[Security]]
* [[Treasury securities]] 
* [[United States]]
 
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 15:32, 23 July 2016

An organisation owned and controlled by its customers, although day to day management will often be undertaken by professional managers, especially in larger mutuals.

Building societies are mutual organisations.


See also

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