Tax-exempt bond

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.

Related Terms: 7 Fed, Interest, Inc., Local, Muni, Sue, Tax

Other Related Pages: Category: Bonds Starting With: T

Additional Related Terms: Accrual bond, Accrued interest, Accumulation bond, After-tax basis, Agency bond, American Municipal Bond Assurance Corporation, Assumed bond, At par, Authority bond, All or any part