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Triple Tax-Exempt
(redirected from Tax Exempt Securities)

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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.


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6% as part of the Company's program to increase lending, while investment securities and tax exempt securities decreased $3.
The fund invests substantially all of its assets in tax exempt securities.
The decrease in the interest rate spread was due primarily to the increased cost of savings attributable to higher rates on maturing certificates, a higher proportion of borrowed money and an increase in the proportion of the company's portfolio consisting of short term assets and securities, including tax exempt securities, primarily as a result of the reinvestment of the stock subscription funds.
 
 
 
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