MUNICIPAL NOTE Definition

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MUNICIPAL NOTE, also known as a tax-exempt note, is an instrument generally issued with a maturity of one year or less by a municipality or public entity. The interest paid on this instrument is exempt from federal income taxes.

Learn new Accounting Terms

DISCOUNTED CASH FLOW METHOD is a budgeting method for project evaluation and selection.

REVOLVING COLLATERAL is accounts receivable or inventory which change from day to day.

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