municipal funds definition
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bond DEFINITION of 'Municipal Bond'. A debt security issued by a state, municipality or county to finance its capital expenditures. Municipal bonds are exempt from federal taxes and from most state and local taxes, especially if you live in the state in which the bond is issued. Also known as a muni..
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- 1 Capital reserve funds may be for “specific” capital improvements, such as a sewage disposal plant, or for a specific item or items of equipment, such as a sewer system pump.
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- Glossary of Municipal Securities Terms. MUNICIPAL SECURITIES. A general term referring to a bond, note, warrant, certificate of participation or other obligation issued by a state or local government or their agencies or authorities (such as cities, towns, villages, counties or special districts or authorities).
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- Definition of municipal - relating to a town or district or its governing body Definition of municipal - relating to a town or district or its governing body dictionary
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- Permanent funds (in the governmental fund category). Permanent funds are required to be used to report resources that are legally restricted to the extent that only earnings (and not principal) may be used for purposes that support the reporting government programs.
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- A working capital fund is a form of intragovernmental revolving fund that operates as a self-supporting entity and conducts a regular cycle of businesslike activities.[13] AOC submitted language to Congress in its fiscal year 2017 budget request that would establish a working capital fund for AOC.
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- Defined-maturity funds are hybrid funds designed to bridge one of the biggest gaps between traditional bond funds and individual funds. As the name implies, defined-maturity bonds cease their existence on a specified date. At maturity, investors receive a distribution equivalent to the fund’s net asset value.
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About Municipal Bonds What Are Municipal Bonds? Municipal bonds are debt obligations issued by states, cities, counties and other governmental entities, which use the money to build schools, highways, hospitals, sewer systems, and many other projects for the public good.
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Glossary of Municipal Securities Terms Glossary of Municipal Securities Terms. A general term referring to a bond, note, warrant, certificate of participation or other obligation issued by a state or local government or their agencies or authorities (such as cities, towns, villages, counties or special districts or authorities).
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Definition of 'sinking fund' Cash flows received by the trust in excess of the sinking fund requirement are also allocated to other bond classes. The remaining funds would be put into a sinking fund which constituted a trust fund. A sinking fund is a fund where a company sets aside money for future repayment of bonds. Cash flows received by the trust in excess of the sinking fund requirement are also allocated to other bond classes.
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- any loan fund intended to be maintained by the repayment of past loans. 2. a U.S. government fund, with loans and repayments equalized, used to aid businesses affecting the public interest, as public utilities. Origin of revolving fund.
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Fund of funds Fund of funds - Fund of hedge funds. 1  A fund of hedge funds is a fund of funds that invests in a portfolio of different hedge funds to provide broad exposure to the hedge fund industry and to diversify the risks associated with a single investment fund.
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What are bond funds? Bond funds typically own a number of individual bonds of varying maturities, so the impact of any single bond’s performance is lessened if that issuer should fail to pay interest or principal. Certain types of bond funds, such as broad market bond funds, are also diversified across bond sectors, providing exposure to corporate, U.S. government, government agency and mortgage-backed bonds.
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What are mutual funds? Mutual funds are investments that pool your money together with other investors to purchase shares of a collection of stocks, bonds, or other securities, referred to as a portfolio, that might be difficult to recreate on your own. Mutual funds are typically overseen by a portfolio manager. By Fidelity Learning Center.
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Fund Fund may refer to: 1  Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution The process of soliciting and gathering funds is known as fundraising.
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restricted fund Find out the Definition, Meaning and Explanation of restricted fund. noun in a not-for-profit organisation, a fund whose assets can only be used for those purposes designated by donors Find out the Definition, Meaning and Explanation of restricted fund. noun in a not-for-profit organisation, a fund whose assets can only be used for those purposes designated by donors
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- fund. 1  a supply of money or pecuniary resources, as for some purpose: a fund for his education; a retirement fund. 2  supply; stock: a fund of knowledge; a fund of jewels. 3  funds, money immediately available; pecuniary resources: to be momentarily without funds.
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- Sinking Fund Provision. A provision in some bond indentures requiring the issuer to put money aside to repay bondholders at maturity. In bonds with such a provision, a fund or account is set up into which a issuer deposits money on a regular basis to repay the bond when it matures. See also: Sinking Fund Bond. 1  Facebook.
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restricted fund bondised, bondized Definition of A bondised, bondized adjective referring to an insurance fund linked to a unit trust... reserve fund Definition of reserve fund noun profits in a business which have not been paid out as dividend but have been... restrictive covenant Definition of restrictive covenant noun a clause in a contract which prevents someone from doing something...
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Meaning of âsinking fundâ in the English Dictionary sinking fund noun [C] uk / ˈsɪŋ.kɪŋ ˌfʌnd / us / ˈsɪŋ.kɪŋ ˌfʌnd / specialized › money saved by a company or government for the payment of future debts
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Defined asset fund Defined Asset Fund. A unit investment trust that exists only for a limited period of time, after which it is liquidated. A unit investment trust consists of an unmanaged portfolio of securities, the rights to which are sold to investors as shares or units.
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Mutual Fund Types and Categories The types of bond funds and how they are categorized may be best understood by revisiting the basics of bonds. 1  Bonds are essentially IOUs issued by entities, such as the US Government or corporations, and bond mutual funds are primarily categorized by those entities who want to borrow money by issuing bonds: 1  Government Bond Funds invest in various types of US Treasury bonds. 2  Municipal Bond Funds invest in various types of Municipal bonds.
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money market mutual fund Definition. An open-end mutual fund which invests only in money markets. These funds invest in short term (one day to one year) debt obligations such as Treasury bills, certificates of deposit, and commercial paper. The main goal is the preservation of principal, accompanied by modest dividends.
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Fund accounting State and local government funds. State and local governments use three broad categories of funds: governmental funds, proprietary funds and fiduciary funds. Governmental funds include the following. General fund. This fund is used to account for general operations and activities not requiring the use of other funds.
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- DEFINITION of 'United States Treasury Money Mutual Funds'. An investment fund that pools money from investors to purchase short-term, low-risk securities. A United States Treasury Money Mutual Fund is a type of mutual fund that invests primarily or exclusively in U.S. Treasury bills and repurchase agreements secured by Treasury bills.
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Sinking fund Sinking fund. Definition: A fund to which money is added on a regular basis that is used to ensure investor confidence that promised payments will be made and that is used to redeem debt securities or preferred stock issues.