Triple tax-exempt

(redirected from Tax Exempt Securities)

Triple tax-exempt

Municipal bonds featuring federal, state, and local tax-free interest payments.

Triple Tax-Exempt

Describing a municipal bond that is exempt from federal, state, and local taxes. The United States Constitution forbids the federal government from taxing any state and local bonds. Most states and municipalities offer tax exemptions for residents who invest in their bonds; thus, to be eligible for triple-tax-free status, a bondholder must be resident in the municipality and/or state issuing the bond. Triple-tax exempt bonds almost always offer low returns, exposing bondholders to inflation risk. See also: After-Tax Basis.
References in periodicals archive ?
Our demonstrated expertise extends to include REITs, CMBS, and CTL (credit tenant lease), as well as preferred stock and tax exempt securities.
The fund invests substantially all of its assets in tax exempt securities.
The bonds are tax exempt securities issued to refund certain prior debt outstanding of the Foundation.
The Fund invests substantially all of its total assets in tax exempt securities.
a) Dial's payment services subsidiary has been investing increasing amounts in tax exempt securities.
The trust will invest substantially all its assets in a portfolio of investment grade Florida tax exempt securities rated investment grade at the time of investment.
Each fund will invest substantially all of its assets in a diversified portfolio of applicable California, Florida, New Jersey, New York or Pennsylvania tax exempt securities rated within the four highest grades, and up to 20% of the Funds' assets may be invested in unrated applicable state Municipal Obligations deemed to be equivalent to investment grade in credit quality.
Professor Lamb has written two books on municipal securities: Municipal Bonds: the Comprehensive Review of Tax Exempt Securities and Public Finance (McGraw Hill), and The Handbook of Municipal Securities and Public Finance (New York Institute for Finance/ Simon & Schuster).
The Funds will invest in a portfolio of investment grade New York, New Jersey, California or Florida tax exempt securities.
Horejsi Trust has stated that it intends to abandon PCA's investment strategy of investing in California investment grade tax exempt securities if it obtains sufficient shares in the tender offer.
The Funds will invest substantially all of assets in a diversified portfolio of either Georgia or Missouri tax exempt securities rated within the four highest grades, and up to 20% of the Funds' assets may be invested in unrated Georgia or Missouri Municipal Obligations.
CRT trades senior and subordinated bonds, bank debt, trade claims, convertible bonds, equities, real estate loans, tax exempt securities and private placements.