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Term of the Day
tax exemption
tax-exempt commercial paper
joint return test
Definition
noun
the fact of being free from
payment
of
tax
U.S.
the part of
income
which a
person
is allowed to earn and not
pay
tax on
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Popular 'Banking' Terms
negotiable
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Related Terms
tax-exempt commercial paper
state income tax
profit sharing plan
joint return test
phase in
Mentioned in these terms
double tax-exemption
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