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Adjective: tax-exempt  taks ig'zempt
  1. (of goods or funds) not taxed
    "tax-exempt bonds";
    - tax-free, untaxed
Noun: tax-exempt  taks ig'zempt
  1. A security that is not subject to taxation
    "Municipal bonds are often tax-exempt securities, making them attractive to investors in high tax brackets";
    - tax-exempt security

Derived forms: tax-exempts

See also: exempt, nontaxable

Type of: certificate, security

Encyclopedia: Tax-exempt