Business, Legal & Accounting Glossary
Debt security issued to lender by municipal authorities when borrowing money to fund long-term projects. Although these securities usually pay lower interest rates, the income from their interest is exempt from federal income taxes. Considered complex and risky, only qualified institutional buyers (QIB) are allowed to engage in their transaction.
LIFER
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Definitions for Long Inverse Floating Exempt Receipt are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.