Tax-Exempt Bonds
A bond, the interest on which is excludable from gross income for federal income tax purposes.
Includes Tax-Exempt Bonds, Tax Credit Bonds, and Direct Pay Bonds.
A bond, the interest on which is excludable from gross income for federal income tax purposes.
A taxable bond that provides a tax credit to the holder in lieu of tax-exempt interest.
A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.
The amount, if any, required to be paid to the issuer by the underwriter at the time the bonds are sold, which serves as the amount retained by the Issuer as compensation for any damages caused to the issuer by the underwriter failing to purchase the bonds at the closing.