tax-exempt

tax-ex·empt (tksg-zmpt)

adj.

1. Not subject to taxation, as the capital or income of a philanthropic organization.

2. Producing interest that is exempt from income tax: tax-exempt bonds.

n.

A tax-exempt security.

Thesaurus

Noun	1.	tax-exempt - a security that is not subject to taxation tax-exempt security certificate, 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"
Adj.	1.	tax-exempt - (of goods or funds) not taxed; "tax-exempt bonds"; "an untaxed expense account" tax-free, untaxed nontaxable, exempt - (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"