Municipal notes

Municipal notes
Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues. ...

Commonly known as 'munis.' Types of municipal notes include tax anticipation notes (TANs), revenue anticipation notes (RANs), grant anticipation notes (GANs), bond anticipation notes (BANs) and tax-exempt commercial paper.

Municipal notes have maturities from three months to three years. Some are issued as discount instruments, but most are coupon bearing. Typically, notes are issued to address mismatches in the timing of expenditures and offsetting revenues.

Municipal Notes
Municipal Notes are short term debt instruments issued by state and local authorities. Their maturities run from about 60 days to one year. They are usually available in denominations of about $25,000.

Funds Settlement (SDFS) A method of settlement used in trading between well-collateralized parties in good-the-same-day federal funds used by the Depository Trust Company for transactions in US government securities, short-term municipal notes, ...

Municipal notes are short-term securities used principally by states, local governments and special jurisdictions to cover temporarily imbalances between outlays for expenditures and tax inflows.

Money market instruments include Treasury bills, bankers acceptances, commercial paper, Federal funds, municipal notes, and other securities.

Moody's Investment Grade ratings assigned to municipal notes range from MIG1 (best quality) to MIG4 (adequate quality); all four are considered investment quality securities for banks.

Government securities, short-term municipal notes, medium-term commercial paper notes, Collateralized Mortgage Obligations (CMOs), Dutch Auction Preferred Stock and other instruments when both parties to the trade are properly collateralized.

One of a variety of debt securities. Treasury notes refer to coupon securities with a maturity of one to ten years; municipal notes are short-term promissory notes.
Notice Day ...

Exempt Securities - Are issues which are not bound by the filing provisions of the Securities Act of 1933. Exempt securities include treasury and municipal notes and bonds, bank securities, and nonprofit organization securities.

Municipal improvement certificate
Municipal Inflation-Linked Securities
Municipal Investment Trust
Municipal notes
Municipal revenue bond
Municipal Securities Rulemaking Board - MSRB
Munifacts
MUR
Mutilated security ...

A method of settlement used in trading between well-collateralized parties in good-the-same-day federal funds used by the Depository Trust Company for transactions in U.S. government securities, short-term municipal notes, ...

alternative day counting methods (most commonly based on a 365- or 366-day year counting actual days elapsed) are used for many securities that bear interest at a variable rate and for certain other types of securities (e.g., some municipal notes).

Municipal Investment Trust (MIT)
A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.
Municipal notes ...

See also: Banks, Bills, Values, Saving, Sinking Fund