| 释义 |
tax-exempt security
Thesaurus| Noun | 1. | tax-exempt security - a security that is not subject to taxationtax-exemptcertificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends; "he held several valuable securities" |
Tax-exempt security
Tax-exempt securityAn obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district.Triple Tax-ExemptDescribing a municipal bond that is exempt from federal, state, and local taxes. The United States Constitution forbids the federal government from taxing any state and local bonds. Most states and municipalities offer tax exemptions for residents who invest in their bonds; thus, to be eligible for triple-tax-free status, a bondholder must be resident in the municipality and/or state issuing the bond. Triple-tax exempt bonds almost always offer low returns, exposing bondholders to inflation risk. See also: After-Tax Basis.tax-exempt security
Synonyms for tax-exempt securitynoun a security that is not subject to taxationSynonymsRelated Words |