Investopedia

Continue to Site »

Mutual Investment Certificate

Filed Under » ,
Dictionary Says

Definition of 'Mutual Investment Certificate'

A certificate issued by a local or municipal authority for the purpose of funding a public works project. This type of obligation is financed by an tax assessment made upon the residents that will benefit from the facility. Mutual investment certificate income is always tax-free to the recipient.
Investopedia Says

Investopedia explains 'Mutual Investment Certificate'

These certificates essentially function as a type of general obligation bond, although they are technically in a different category. They are not backed directly by revenue from the project, but by the local taxpayers. The revenue from the projects behind the certificates also may be collected directly by the contractor building or renovating the facility, instead of the locality.

Articles Of Interest

  1.

    The Basics Of Municipal Bonds

    Investing in these bonds may offer a tax-free income stream but they are not without risks.

  2. Tax Tips For The Individual Investor

    We give you seven guidelines to help you keep more of your money in your pocket.

  3. Avoid Tricky Tax Issues On Municipal Bonds

    Learn the rules every investor should know before buying into this "tax-free" investment.

  4. Where can I buy government bonds?

    The type of bond determines where you can purchase it, so you need to decide which type of bond you would like to purchase first.Bonds are debt obligations. Federal bonds are issued by the federal ...

  5. Why Your Pension Plan Has Sovereign Debt In It

    One type of security pensions tend to invest in is sovereign debt, or debt issued by a government.

  6. Austerity: When The Government Tightens Its Belt

    When a government tightens its belt in tough economic times the entire nation feels the squeeze.

  7. 6 Popular ETF Types For Your Portfolio

    Exchange traded funds are an extremely popular diversification tool that can protect your portfolio during troubled periods.

  8. Sequestration: What Will It Do And What Should You Do?

    Learn about the sequester, and possible ways to play it.

  9. Stocks That Follow This Simple Practice Beat The Markets 6-To-1

    We look at what makes Shaw Communications so special, and how you can find other smilarily special stocks.

  10. Top 5 Budgeting Questions Answered

    You don't need a degree to understand your money, begin saving and pay down debt.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center