地方政府债券（简称地方债券），是一个国家的地方政府发行并负责偿还的债券。

地方债券按资金用途和偿还资金来源分类，可分为一般债券（也称为普通债权）和专项债券（也称为收益债券）。

A municipal bond is a bond issued by a local government or territory, or their agencies. The term municipal bond is commonly used in the United States, which has the largest market of such trade-able securities in the world estimated at $3.7 trillion in 2011. Potential issuers of municipal bonds include states, cities, counties, redevelopment agencies, special-purpose districts, school districts, public utility districts, publicly owned airports and seaports, and any other governmental entity (or group of governments) at or below the state level having more than a de minimis amount of one of the three sovereign powers: the power of taxation, the power of eminent domain or the police power. Municipal bonds may be general obligations of the issuer or secured by specified revenues.