Municipal securities come in many forms and maturities, and can be tax-exempt or taxable. Investments known as 529 college savings plans are also municipal securities.
Basic distinctions can be made among municipal bonds based on their maturity data and redemption provisions.
The source of principal and interest repayment, credit enhancements and tax treatment are among the features of municipal bonds.
529 college savings plans are established by states to provide an investment vehicle to save for qualifying college expenses.
Look up definitions of municipal securities industry terms in the MSRB's comprehensive glossary.
Other municipal fund securities include local government investment pools.
The Electronic Municipal Market Access (EMMA) website is the official source for municipal disclosures and market data.