municipal bond

简明释义

市政债券

英英释义

例句

1.Many retirees prefer municipal bonds 市政债券 because they provide steady income without federal taxes.

许多退休人员更喜欢市政债券 municipal bonds，因为它们提供稳定的收入且无需缴纳联邦税。

2.A municipal bond 市政债券 can be a safe investment for those looking to preserve capital.

对于那些希望保值的人来说，市政债券 municipal bond可以是一项安全的投资。

3.Investors often choose a municipal bond 市政债券 for its tax-exempt benefits.

投资者通常选择市政债券 municipal bond，因为它的免税优势。

4.The city issued a new municipal bond 市政债券 to fund public transportation improvements.

该市发行了一种新的市政债券 municipal bond，以资助公共交通改善。

5.The interest from a municipal bond 市政债券 is often exempt from state and local taxes.

来自市政债券 municipal bond的利息通常免征州和地方税。

作文

Municipal bonds are an essential component of the financial landscape, providing a means for local governments to raise funds for various public projects. These bonds are issued by states, cities, or other governmental entities and are typically used to finance infrastructure improvements such as schools, highways, and hospitals. The appeal of municipal bonds lies not only in their role in supporting community development but also in their potential benefits for investors. One of the most significant advantages of municipal bonds is that the interest earned is often exempt from federal income tax, and in some cases, state and local taxes as well. This tax-exempt feature makes municipal bonds particularly attractive to individuals in higher tax brackets who are seeking to maximize their after-tax returns.Investors can choose between two types of municipal bonds: general obligation bonds and revenue bonds. General obligation bonds are backed by the full faith and credit of the issuing municipality, meaning they are secured by the taxing power of the government. On the other hand, revenue bonds are repaid from the income generated by specific projects, such as tolls from a highway or fees from a public utility. Understanding the differences between these two types of municipal bonds is crucial for investors, as it impacts the risk and return associated with each investment.The market for municipal bonds has grown significantly over the years, making it a vital source of funding for local governments. As cities and states face increasing budgetary pressures, the need for reliable financing options becomes more critical. By issuing municipal bonds, governments can access capital markets and secure the funds necessary to maintain and improve public services.However, investing in municipal bonds is not without its risks. While they are generally considered safer than corporate bonds, there is still a risk of default, particularly with revenue bonds that depend on the success of specific projects. Additionally, changes in interest rates can affect the value of municipal bonds. When interest rates rise, the price of existing bonds tends to fall, which can lead to capital losses for investors looking to sell before maturity.In conclusion, municipal bonds play a crucial role in financing public infrastructure and services while offering investors a tax-advantaged investment option. Understanding the nature of municipal bonds, including their types, benefits, and risks, is essential for anyone looking to invest in this sector. As communities continue to grow and evolve, municipal bonds will remain an important tool for supporting local development and ensuring the delivery of essential services to residents.

市政债券是金融领域的重要组成部分，为地方政府筹集各种公共项目的资金提供了一种手段。这些债券由州、市或其他政府实体发行，通常用于资助基础设施改善，如学校、公路和医院。市政债券的吸引力不仅在于它们支持社区发展的作用，还在于它们对投资者的潜在好处。市政债券最显著的优势之一是所赚取的利息通常免于联邦所得税，在某些情况下也免于州和地方税。这一免税特性使得市政债券对寻求最大化税后收益的高税率个人特别有吸引力。投资者可以选择两种类型的市政债券：一般义务债券和收入债券。一般义务债券由发行市政当局的全信贷和信用支持，这意味着它们由政府的征税权保障。另一方面，收入债券则通过特定项目产生的收入偿还，例如高速公路的通行费或公用事业的费用。理解这两种类型的市政债券之间的差异对投资者至关重要，因为这会影响每项投资的风险和回报。市政债券市场近年来显著增长，成为地方政府融资的重要来源。随着城市和州面临日益增加的预算压力，对可靠融资选项的需求变得更加关键。通过发行市政债券，政府可以进入资本市场，确保维持和改善公共服务所需的资金。然而，投资市政债券并非没有风险。虽然它们通常被认为比公司债券安全，但仍然存在违约风险，特别是依赖特定项目成功的收入债券。此外，利率变化可能会影响市政债券的价值。当利率上升时，现有债券的价格往往会下降，这可能导致投资者在到期前出售时面临资本损失。总之，市政债券在为公共基础设施和服务融资中发挥着关键作用，同时为投资者提供了一个税收优惠的投资选择。理解市政债券的性质，包括其类型、好处和风险，对于任何希望投资于该领域的人来说都是至关重要的。随着社区的不断发展和演变，市政债券将继续成为支持地方发展的重要工具，确保向居民提供必要的服务。