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.

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ALLONGE is a piece of paper attached to a negotiable instrument to allow space for writing endorsements.

DMP is Direct Material Productivity, Debt Management Plan, Debt Management Program, or Data Management Plan.

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