Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Tax-Exempt Bonds
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
Start with the Bond Basics
Hundreds of Terms and Concepts
Closing
The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.