Another bond issue is taxable or tax-exempt securities
Both closed end funds aim to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities
During 2008, income from tax-exempt securities
These costs can be considerable, since many tax-exempt securities
Those certificates - tax-exempt securities
that don't include a promise to repay and typically use the project being constructed as collateral - carry higher interest rates than general obligation bonds, which are fully backed by the state's credit and, ultimately, its general fund.
The outside funds are invested in tax-exempt securities
In addition to its Corporate Finance practice, it is known for its Municipal Bond Department, which works closely with an array of municipal clients and institutional buyers of tax-exempt securities
and other financial products.
Hence, section 382 limits the incentive of corporations to "traffic" in, or purchase, the net operating losses of target companies by limiting the acquirer to an expected rate of return no better than can be achieved by parking an equivalent amount of money in tax-exempt securities
The legislative and regulatory environment for tax-exempt securities
seems to be in a constant state of flux, requiring vigilance by issuers to ensure they understand the current rules and regulations.
Even if the investment strategy is not growth-oriented, investing trust assets in tax-exempt securities
should be avoided in almost all cases because of the unique tax structure of charitable remainder trusts.
Borrowing to purchase or carry tax-exempt securities