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Glossary   >   P   >   "Private Purpose Bond" Definition            Private Purpose Bond Similar to a municipal bond, it is a tax-free bond which is used to finance private facilities and projects, rather than public ones. 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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Private Purpose Bond - Similar to a municipal bond, it is a tax-free bond which is used to finance private facilities and projects, rather than public ones.