Unlimited tax bond

Unlimited tax bond
A municipal bond secured by the pledge to levy taxes until full repayment at an unlimited rate.
Unlisted security
A security traded in the over-the-counter market that is not listed on an organized exchange.

Unlimited Tax Bond
A municipal bond that is backed by the pledge of the issuer (generally a city or municipality) to raise taxes, without limit, to service the debt until it is repaid.

An Internal Revenue Service provision that allows an individual to transfer an unlimited amount of assets to a spouse, during life or at death, without incurring federal estate or gift tax.
Unlimited tax bond ...

A bond having no restrictions as to dollar amount of taxes or tax rate that can be assessed to make debt service payments to bondholders is known as an unlimited tax bond.

unlimited tax bond A municipal bond backed by a credit commitment to tax at a given rate, for a given duration in order to fulfill the obligation. unlisted A security that is not traded on an exchange, usually due to an inability to...

See also: Underlying debt, Labor force, Funded pension plan, Current income, Unit trust