tax-exempt commercial paper meaning

An unsecured short-term loan, usually issued to finance short-term liabilities, that provides the debt holders (bondholders) some level of tax preference on the earnings from their debt investment at a local, state or federal level, or a combination thereof.

Related Words

  1. tax-efficient meaning
  2. tax-efficient fund meaning
  3. tax-equivalent yield meaning
  4. tax-exempt meaning
  5. tax-exempt bond meaning
  6. tax-exempt income meaning
  7. tax-exempt income fund meaning
  8. tax-exempt interest meaning
  9. tax-exempt money market fund meaning
  10. tax-exempt sector meaning
PC Version