Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
A Bond, the Interest on which is not excludable from gross income for federal income tax purposes.
See Also
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
A taxable bond that provides a tax credit to the holder in lieu of tax-exempt interest.
A taxable bond that offers a federal Interest subsidy to the Issuer in lieu of the interest being excludable from federal income tax.
In Contrast To
A bond, the interest on which is excludable from gross income for federal income tax purposes.
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.