tax-exempt bond

Definition
A bond, issued by a municipal, county or state government, whose interest payments are not subject to federal income tax, and sometimes also state or local income tax.




tax-exempt bond is ...
... part of the
Bonds subject.


Related Terms

equivalent taxable yield -  More
501-(C)(3) bond -  More
airport revenue bond -  More


tax-exempt bond appears in the definitions of these other terms on BusinessDictionary.com

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