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Territory Bond |
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Territory Bond A bond issued by a non-state territory of the United States, such as Puerto Rico or Guam. Territory bonds are exempt from all federal, state, and local taxes. This gives a territory bond preferential treatment to a state or municipal bond, which is generally only exempt from state and local taxes in the state and locality in which it is issued. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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