Municipal security

Securities - United States.

In the US, municipal securities are ones issued by state and local governments.

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

Their income is exempt from US taxes and usually from state and local taxes in the state where they were issued.

See also

• An introduction to debt securities
• Bond
• Gilt-edged securities
• Notes
• Security
• Treasury securities
• United States