Tax-exempt income fund(redirected from Tax Exempt Income Fund)
Tax-exempt income fund
A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Tax-Exempt Income Fund
An income fund that invests predominantly or exclusively in securities exempt from taxes, at least at the federal level. The easiest investment for such a fund is in U.S. Treasury securities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved