Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Tax-Exempt Bonds
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
Start with the Bond Basics
Hundreds of Terms and Concepts
Current Refunding
A refunding in which all refunded Bonds are redeemed within ninety days of the issuance of the refunding bonds.