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Glossary   >   A   >   "Arbitrage Bond" Definition            Arbitrage Bond A lower-rate debt security issued by a municipality prior to the call date of the municipality"s existing higher-rate security. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Arbitrage Bond - A lower-rate debt security issued by a municipality prior to the call date of the municipality"s existing higher-rate security.