tax-exempt security


Investment vehicle that is not subject to taxation by any entity at the federal, state, or local levels. Most municipal bonds and some mutual funds that invest in tax-exempt securities are also provided the triple tax-exempt status with some exceptions at the state level.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
tax-exempt money market fund tax-exempt special savings account