Tax-Exempt Bonds
A bond, the interest on which is excludable from gross income for federal income tax purposes.
bond-basics
Tax-Advantaged Bonds
Includes Tax-Exempt Bonds, Tax Credit Bonds, and Direct Pay Bonds.
See Also
Tax Credit Bond
A taxable bond that provides a tax credit to the holder in lieu of tax-exempt interest.
Direct Pay Bond
A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.
Start with the Bond Basics
Hundreds of Terms and Concepts
Cost of Issuance
Expenses paid by or on behalf of the Issuer or a conduit borrower which are directly related to the issuance and sale of the bonds.