bond-basics

Tax Credit Bond

A Taxable Bond that provides a tax credit to the holder in lieu of tax-exempt interest.

Dive Deeper on Tax Issues

Learn more about how various aspects of tax law intersect with municipal securities.


See Also

Taxable Bond

A bond, the interest on which is not excludable from gross income for federal income tax purposes.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Weighted Average Maturity

Generally, the weighted average maturity of a bond issue is the sum of the product of the issue price of each maturity of the bond issue multiplied by the number of years from the closing until that maturity date divided by the issue price of the entire bond issue.