tax-exempt

Definition of Tax-exempt in English :

a security that is not subject to taxation

2. tax-exempt, tax-free, untaxed

(of goods or funds) not taxed

Example Sentences:
'tax-exempt bonds'
'an untaxed expense account'

WordNet Lexical Database for English. Princeton University. 2010.

Tax-exempt

adjective

1.

(of an income or property) exempt from taxation

2.

(of an asset) earning income that is not subject to taxation

adjective

1.

exempt from taxation; that may not be taxed

2.

producing income that is exempt from taxation

tax-exempt bonds

adj.

1. Not subject to taxation, as the capital or income of a philanthropic organization.

2. Producing interest that is exempt from income tax: tax-exempt bonds.

n.

A tax-exempt security.