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Private Activity Bond - PAB
What does it mean?
Tax-exempt bonds issued by government organizations for the purpose of providing special financing benefits for qualified projects.
In Other Words...
These bonds are used to attract private investment for public projects by providing different tax benefits for investors.
Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.
Related Terms
Bond | Municipal Bond | Private Purpose Bond
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