Corporate/Municipal Bonds
“A Bond is any interest-bearing government (municipal) or corporate security that obligates the issuer to pay the bondholder a specified sum of money, usually at specific intervals, and to repay the principal amount of the loan at maturity. Bondholders have an IOU from the issuer, but no corporate ownership privileges, as stockholders do.” – Dictionary of Finance and Investment Terms, 2003
Oakland Investment Services has access to both Municipal Bonds (which may be tax-exempt) and Corporate Bonds. These vary in rating and interest but may fit the need of those requiring a steady income source.
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