tax-free

Definition

The mythical unicorn of financial transactions: money that the government has graciously decided not to touch. Income or purchases that escape taxation, usually because lawmakers needed to incentivize something or felt charitable that particular legislative session. The two most beautiful words in accounting, often followed by fine print and eligibility requirements.

Example Usage

The municipal bonds were tax-free, which is why every accountant spoke about them with the reverence usually reserved for religious artifacts.

Source: Tax and finance terminology

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vendor financing

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poison put

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off-balance-sheet

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value trap

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receivable

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💰 Finance / Accounting

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