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 ?
65 Congressional Record 10373, 10409 (1918), House Hearings on Tax Exempt Securities, 67th Cong.
265(a)(2) is only applicable where the indebtedness is incurred or continued for the purpose of purchasing or carrying tax exempt securities.
The fund invests substantially all of its assets in tax exempt securities.
The Fund invests substantially all of its total assets in tax exempt securities.
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).
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.
CRT trades senior and subordinated bonds, bank debt, trade claims, convertible bonds, equities, real estate loans, tax exempt securities and private placements.
The portfolios of Welch & Forbes clients generally combine high quality large cap growth stocks with fixed income products that include both taxable and tax exempt securities.
Offering truly global solutions to a full-range of companies, PricewaterhouseCoopers Securities provides investment banking and financial advisory services, including mergers and acquisitions, raising debt and equity capital in the private markets and underwriting tax exempt securities.
An adjustment is made to the Payment Services segment to present revenues, operating income and income taxes on a fully taxable equivalent basis for income resulting from investments in tax exempt securities.
a full-service securities firm serving individual and institutional clients, and GMS, a broker-dealer specializing in the sale of tax exempt securities to individual and institutional investors.