territory bond

Territory Bond

A bond issued by a non-state territory of the United States, such as Puerto Rico or Guam. Territory bonds are exempt from all federal, state, and local taxes. This gives a territory bond preferential treatment to a state or municipal bond, which is generally only exempt from state and local taxes in the state and locality in which it is issued.

territory bond

A bond issued by a U.S. territory such as Guam, Puerto Rico, and the Virgin Islands. Interest from territory bonds is generally exempt from taxation by federal, state, and local authorities anywhere in the U.S.

单词	territory bond
释义	territory bond Territory Bond A bond issued by a non-state territory of the United States, such as Puerto Rico or Guam. Territory bonds are exempt from all federal, state, and local taxes. This gives a territory bond preferential treatment to a state or municipal bond, which is generally only exempt from state and local taxes in the state and locality in which it is issued. territory bond A bond issued by a U.S. territory such as Guam, Puerto Rico, and the Virgin Islands. Interest from territory bonds is generally exempt from taxation by federal, state, and local authorities anywhere in the U.S.
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