Definitions of tax-exempt

adj (of goods or funds) not taxed

tax-exempt bonds”
tax-free, untaxed
exempt, nontaxable
(of goods or funds) not subject to taxation

n a security that is not subject to taxation

tax-exempt security
Type of:
certificate, security
a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends

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