Bonds
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Agency Bonds
Bond Fund
Corporate Bonds
Municipal Bonds
U.S. Treasury Bills
U.S. Treasury Notes and Bonds
Zero Coupon Bonds

Agency Bonds
A bond issued by U.S. agencies and corporations to cover their own debt. These agency securities rank just below Treasury paper.

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Bond Fund
A fund established to receive and disburse the proceeds of a governmental bond issue.

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Corporate Bonds
An obligation of a corporation.

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Municipal Bonds
A bond issued by a state or a political subdivision (county, city, town, village, etc.). Also, a bond issued by a state agency or authority. In general, interest paid on municipal bonds is exempt from federal income taxes in the state of issue.

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U.S. Treasury Bills
A U.S. government short-term security sold to the public each week, maturing in 91 to 182 days.

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U.S. Treasury Notes and Bonds
Interest-bearing certificates showing indebtedness of the U.S. government. Notes have maturities of between one and seven years, whereas bonds are longer term.

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Zero-Coupon Bonds
A security sold at a deep discount from its face value and redeemed at the full amount at maturity. The difference between the cost of the bond and its value when redeemed is the investor's return. These notes provide no interest payments to holders.

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