Series 54: 1.1.3. Municipal Securities Definition

Taken from our Series 54 Online Guide

1.1.3. Municipal Securities Definition

Municipal securities are debt obligations issued by states or local governments, or their agencies and authorities. Municipal securities usually take the form of bonds or shorter-term notes. Examples of issuers may be cities, towns, villages, counties, public libraries, port authorities, boards of education, and state highway patrols.

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