Taxable Bond
A bond, the interest on which is not 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.
See Also
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.