tax-exempt security


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax-exempt security - a security that is not subject to taxation
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"
References in periodicals archive ?
TEY is the rate earned on a taxable investment that would put the bank in the same after-tax position as the rate being earned on the tax-exempt security.