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Improvement Bonds
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
A
subclassification of municipal bonds consisting of bonds issued by a municipality
or district for the erection of public works or other improvements, usually
with more specific titles, e.g., public improvement bonds, or street improvement
bonds. They are sometimes
SPECIAL ASSESSMENT BONDS. Improvement bonds are municipal debentures and are not to be
confused with IMPROVEMENT MORTGAGE BONDS.
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