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Improvement Bonds
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

A subclassification of municipal bonds consisting of bonds issued by a municipality or district for the erection of public works or other improvements, usually with more specific titles, e.g., public improvement bonds, or street improvement bonds.  They are sometimes SPECIAL ASSESSMENT BONDS.  Improvement bonds are municipal debentures and are not to be confused with IMPROVEMENT MORTGAGE BONDS.

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