TERMIUM Plus®

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INDUSTRIAL DEVELOPMENT BOND [1 record]

Record 1 1986-03-24

English

Subject field(s)
  • Investment
DEF

Municipal revenue bond whose debt service is paid from net lease payments made by an industrial corporation to the municipality. For the interest income to be exempt from federal taxation for the bondholder, the corporation must use the facilities to improve civic services or for pollution control activities.

Key term(s)
  • industrial development revenue bond

French

Domaine(s)
  • Investissements et placements

Spanish

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