Today's word: FLOWER BOND
Theme for this fortnight: TAXES
Theme for this fortnight: TAXES
Fixed income products that were
originally purchased by investors at a discount for the purpose of paying
federal estate taxes upon their maturity. Investors would purchase these bonds
before their death in anticipation of federal estate taxes. If the bondholder
passed away, the bonds would mature at par value and be used as payment for the
deceased's federal estate taxes. Also known as estate tax anticipation bonds,
the last of these bonds matured in 1998.
0 comments:
Post a Comment