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.
Learn more about how various aspects of tax law intersect with municipal securities.
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.
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.