TAX-EXEMPT


Meaning of TAX-EXEMPT in English

/taks"ig zempt'/ , adj.

1. not subject or liable to taxation: tax-exempt imports.

2. providing income that is not taxable: tax-exempt municipal bonds.

n.

3. a tax-exempt security.

[ 1920-25 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .