A debt security issued by a state or local government is known as a

Name: A debt security issued by a state or local government is known as a
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A debt security issued by a state or local government is known as a municipal bond. Treasury bonds are issued by the federal government, corporate bonds are issued by corporations, subordinated bonds are a type of corporate bond with lower priority in case of bankruptcy, and federal agency bonds are issued by federal agencies like Fannie Mae or Freddie Mac.

A Debt Security Issued by a State or Local Government