A tax benefit offered by certain bonds that qualify for exemption from both federal and state taxation. Municipal bonds, or munis as they are often called, are typically exempt from federal taxes and, depending on the state of issue, may also be exempt from state taxes, as well.
Browse by Subjects
See All Related Terms »
earnings before interest and tax
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):