A municipal bond not backed by the government's taxing power but by revenues from a specific project or source, such as highway tolls or lease fees.

The disclosure document prepared by a bond issuer that gives detailed financial information about the issuer and the bond offering.

A bond that sells at a price higher than its principal (par) amount is considered to be selling at a premium.

Exchange-traded funds (ETFs) and other publicly traded funds trade at a premium when the market price of a fund share is higher than the fund’s NAV per share.