Home > Term: Insured muni debt funds (leveraged)
Insured muni debt funds (leveraged)
Fund that invests at least 65% of its assets in municipal debt issues insured as to timely payment. These Funds can be leveraged via use of debt, preferred equity, and/or reverse repurchase agreements.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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- Harry8L
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(London, United Kingdom)