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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Exempt

Definition:

No longer empt. That is, "tax friendly" - "exempt" from taxability. Your home mortgage interest is a tax exempt payment.http://www.shmoop.com/financial-literacy/mortgages/mortgage-shmortgage-mechanics.html

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