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exempt Idioms & Phrases


tax-exempt

  • noun a security that is not subject to taxation
    tax-exempt.
  • adjective satellite (of goods or funds) not taxed
    untaxed; tax-free.
    • tax-exempt bonds
    • an untaxed expense account
WordNet

tax-exempt security

  • noun a security that is not subject to taxation
    tax-exempt.
WordNet