Definition of pitfall for Students 1: a covered or camouflaged pit used to capture animals or people 2: a danger or difficulty that is hidden or is not easily recognized He soon learned the pitfalls of publishing.
Mayoral Benefits and Terms. Mayoral benefits often include a city-provided vehicle, health insurance and retirement. These are commonly for mayors who work full-time in large and mid-size cities. In cities like Stratford, Conn., fuel is also provided to the mayor for any city-related business.
Now that we have addressed the criticisms let's move on to point out the many advantages of owning an individually tailored municipal bond ladder/portfolio. Avoiding mutual fund expenses. An important benefit of owning individual bonds is avoiding the fees one has to pay a fund manager. Complete control over credit and term risk