地ち方ほう債さい

noun

municipal bond; local government bond

A bond issued by a local government entity in Japan, such as a prefecture or municipality.

• 地ち方ほう債さいは、都と道どう府ふ県けんや市し町ちょう村そんが発はっ行こうする債さい券けんです。

  Local government bonds are bonds issued by prefectures and municipalities.

• この地ち方ほう債さいの利り率りつは比ひ較かく的てき低ひくい。

  The interest rate on this municipal bond is relatively low.