tax-exempt security

(redirected from Triple tax-exempt)
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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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
This allowed for culture bonds, triple tax-exempt debt and borrowing to fund growth.
Those bonds are triple tax-exempt for all investors in the U.S., no matter where they live.
It will cost $23.3 million with $19.8 million financed in triple tax-exempt bonds by NYC Capital Resource Corp., a subsidiary of the city's Economic Development Corp., authorized under the American Recovery and Reinvestment Act of 2009.
The same principle holds if you buy individual municipal bonds--local bonds may have double or triple tax-exempt status, while out-of-state bonds are subject to state and local income tax.
They own Puerto Rican debt because it is triple tax-exempt, meaning that interest on the debt is exempt from federal, state and local income taxes.
In an attempt to provide funding for real estate projects that have been put on hold for lack of capital, the city announced that it has received federal approval to issue $200 million in triple tax-exempt bonds for commercial development.