TAX-EXEMPT


Meaning of TAX-EXEMPT in English

I. | ̷ ̷ ̷ ̷| ̷ ̷ adjective

Etymology: tax (II) + exempt

1. : exempted from a tax

2. : bearing interest free from a federal or state income tax

tax-exempt securities

II. noun

( -s )

: a tax-exempt bond

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.