special tax bonds or notes

special tax bonds or notes
special tax bonds or notes
Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor. Only the revenue collected from that specific tax is available to pay interest and principal due for the securities. American Banker Glossary

Financial and business terms. 2012.

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  • special tax bonds — or notes Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor. Only the revenue collected from that specific tax is… …   Financial and business terms

  • special tax notes — special tax bonds or notes Municipal securities that are repaid solely from specific taxes. These taxes are typically excise taxes imposed upon purchases of items such as gasoline, tobacco products, or liquor. Only the revenue collected from that …   Financial and business terms

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