Public Purpose Bond

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Definition: Public Purpose Bond

Public Purpose Bond
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Full Definition of Public Purpose Bond

A type of municipal bond which exempt from federal income taxes, provided the benefits to private individuals are very small. Often used for roads, libraries, government buildings, and similar projects.

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Page URL
https://payrollheaven.com/define/public-purpose-bond/
Modern Language Association (MLA):
Public Purpose Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/public-purpose-bond/.
Chicago Manual of Style (CMS):
Public Purpose Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/public-purpose-bond/ (accessed: April 19, 2024).
American Psychological Association (APA):
Public Purpose Bond. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/public-purpose-bond/

Definition Sources

Definitions for Public Purpose Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.