Municipal securities, Financial Management

Municipal Securities are debt securities issued by a State, Municipality or a County in order to finance its capital expenditures. These securities are exempted from Federal taxes, State taxes and Local taxes. State taxes and Local taxes are exempted where the investor resides in the state in which such security is issued. However, capital gains on these securities are still taxable. Unlike treasury securities, municipal securities have credit risk associated with them.

Basically, Municipal Securities are of two types:

  1. Tax-Backed debt obligations, and
  2. Revenue bonds.
Posted Date: 9/8/2012 6:53:45 AM | Location : United States







Related Discussions:- Municipal securities, Assignment Help, Ask Question on Municipal securities, Get Answer, Expert's Help, Municipal securities Discussions

Write discussion on Municipal securities
Your posts are moderated
Related Questions
What happens when a bank charges discount interest on a loan? While a bank charges discount interest on a loan the required interest payment is subtracted from the loan carries o

It is a long-term call option to purchase common stock at a specified price.

applicability of an operating cycle in a vegetable growing business

Citilink has a business line currently owns and runs 350 sightseeing buses and has a turnover of $10 million per annum. The current system for allocating jobs to drivers is very i

Accounting Framework The rules and conventions of accounting are generally referred to as the conceptual framework of accounting.  As already elaborates in the previous sectio

what is the relevance of virements to public sector accounting

Structure and Participation of Hedge Funds: The typical structure for a Hedge Fund is to facilitate the tax concerns of investors and fund managers. Basically, there are two or

Q. Explain the Average Rate of return Method? Average Rate of return Method (ARR): This method is as well known as Accounting Rate of Return Method. It is on the basis of accou

State the term- Dealing with general risk Part  of  the  strategic  decision  making  process  is  to  analyse  all  risk  factors  involved  with pursuing a specific course of

Determine the factors of financial risk by giving example W. T. L. Company's cost of long-term debt two years ago was 8 percent.  This 8 percent was found to represent a 4- per