These bonds are often used to finance capital projects, such as building schools, highways or sewer systems, and to fund day - to - day obligations. (fidelity.com)
Still another sign of the many different sources of financing capital now available shows up in the behavior of investors who are looking for companies to buy. (inc.com)
A municipal bond is a debt security issued by a state, municipality, or county to finance its capital expenditures. (lplresearch.com)