Long Inverse Floating Exempt Receipt

Business, Legal & Accounting Glossary

Definition: Long Inverse Floating Exempt Receipt


Long Inverse Floating Exempt Receipt

Quick Summary of Long Inverse Floating Exempt Receipt


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.




Synonyms For Long Inverse Floating Exempt Receipt


LIFER


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Definition Sources


Definitions for Long Inverse Floating Exempt Receipt are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.