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.
A bond which is not authenticated by the trustee or paying agent and which is frequently specifically identified as a specimen bond and is provided in the closing transcripts.