Public purpose bond

A Type of Municipal bond which Exempt from federal income taxes, provided the benefits to private individuals are very small. Often used for roads, libraries, government buildings, and similar projects.

Related Terms: 11 ADS, Benefit, Exempt, Fed, Inc., ITS, Muni, Municipal bond, Tax, Type, VAT

Other Related Pages: Category: Taxes Starting With: P

Additional Related Terms: Allowance for depreciation, Accrual bond, Accrual of discount, Accumulation bond, After-tax basis, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond, At par