Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
A type of tax break that lets you pay taxes later—as opposed to now.
For example, on some retirement accounts, capital gains and income aren't taxed until you start taking out money from the account as a silver-haired retiree. You don't avoid paying taxes (no one has that superpower); you just put it off.