Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'municipal bond'?

A. government bond that may be issued by a regional, rather than national, authority
B. taxable municipal bond issued through December 31, 2010 under the American Recovery and Reinvestment Act of 2009 (ARRA)
C. bond secured by a limited revenue source, such as receipts derived from a designated project
D. bond issued by the government of a country

Answer: government bond that may be issued by a regional, rather than national, authority