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tax-exempt

3 syllables

Quick answer

As an adjective, tax-exempt means (of goods or funds) not taxed. As a noun, it means a security that is not subject to taxation.

Meanings of tax-exempt

2 meanings

(of goods or funds) not taxed
“tax-exempt bonds”
“an untaxed expense account”
Similar: tax-free, untaxed

Meanings from Wiktionary (CC BY-SA 4.0) and Open English WordNet (CC BY 4.0).

adjective: (of goods or funds) not taxed

noun: a security that is not subject to taxation

tax-exempt security