Tax-Exempt Security
An investment (generally a debt instrument, i.e., bond) whose interest is exempt from taxation by federal, state, and/or local authorities.
Tax-exempt security
An obligation whose interest is tax-exempt, often called a municipal bond, offered by a country, state, town, or any political district.
Tax-neutrality ...
Tax-Exempt Security - Also called a municipal bond, it is any debt obligation of an issuing authority whose interest payments are exempt from state and federal income taxes.
tax-exempt security sold by municipal and state authorities for the purpose of providing low-interest-rate mortgage loans to qualified individuals For most programs, mortgage borrowers must be first-time home buyers with moderate income.
Tax-Exempt Security
A security in which the income produced is free from federal, state and local taxes. Most tax-exempt securities come in the form of municipal bonds, which represent obligations of a state, territory or municipality.
taxable equivalent yield The interest rate that must be received on a taxable security to provide the holder the same after-tax return as that earned on a tax-exempt security.
The yield on a taxable security that would leave the investor with the same after-tax return he would earn by holding a tax-exempt security; for example, for an investor taxed at a 50 % marginal rate, ...
Equivalent Taxable Yield: The yield on a taxable security that would leave the investor with the same after-tax return he would earn by holding a tax-exempt security; for example, for an investor taxed at a 50 % marginal rate, ...
The interest rate on a taxable security that would render a return equivalent to that of a tax-exempt security, and vice versa, calculated as follows: ...
Taxable Equivalent Yield - A yield an investor would be required to earn from a taxable security to equal the value of a tax-exempt security of the same credit quality.
The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.
Tax-exempt security ...
 See also: Expense, Saving, Banks, Compensation, Billion
  
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