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Tax-exempt   /tæks-ɪgzˈɛmpt/   Listen
Tax-exempt

noun
1.
A security that is not subject to taxation.  Synonym: tax-exempt security.
adjective
1.
(of goods or funds) not taxed.  Synonyms: tax-free, untaxed.  "An untaxed expense account"



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tax-exempt security


WordNet 3.0 © 2010 Princeton University


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"Tax-exempt" Quotes from Famous Books



... not having their capital engaged in active business, if they are so constituted that their consciences permit them to evade their share of monetary sacrifice, can put their funds into tax-exempt securities. ...
— War Taxation - Some Comments and Letters • Otto H. Kahn


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