| 释义 |
Tax-exempt sector Tax-exempt sectorThe municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.Tax-Exempt SectorThe market for investments exempt from federal taxes. All, or nearly all, investments in the tax-exempt sector are municipal bonds. This is because U.S. law forbids the federal government from taxing debt issues made by state and local government bodies. |