Search

Tax-Exempt

"Tax exempt" is a general term that refers to a financial transaction that is not subject to taxation. For example, some charitable or philanthropic organizations qualify as non-profits under 26 U.S.C. section 501(c) (3). The capital and income of 501(c) (3) non-profits is tax exempt. Tax-exempt bonds offer another example. Interest earned from tax-exempt state and municipal bonds is exempt from federal income tax. Even if a transaction is "tax-exempt," it might have to be reported.

 

Top Searched Terms

 
 
                    

    Browse Glossary :
A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  All

Answers
  

Quiz of the Day
    Q: A statement that sets forth the capitalization of the company is called:

Word of the Day
   Venture Capitalist

A "venture capitalist" refers to an investor in start up and emerging companies with perceived high growth potential. Professionally managed venture capital firms generally are limited partnerships funded by private and public pension funds, endowment funds, foundations, corporations, wealthy individuals, and the managers of the venture capital fund. Venture capital financings are typically effectuated through a convertible preferred stock investment in the company. Venture capitalists have funded some of the most visible corporate success stories, including Google, Apple, Genentech, and Yahoo.
Go to Definition
Copyright © E-PersonalFinance.com. All rights reserved.
No part of the content or the data or information included herein may be reproduced, replicated or redistributed without the prior written permission of E-PersonalFinance.com.
Use of this site is governed by our Terms of Use Agreement and Privacy Policy.