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territory bond

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Merrill Lynch Investing
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Financial Dictionary

territory bond

A bond issued by a U.S. territory such as Guam, Puerto Rico, and the Virgin Islands. Interest from territory bonds is generally exempt from taxation by federal, state, and local authorities anywhere in the U.S.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Merrill Lynch Investing
We Can Provide Financial Insights To Help You Get Back On Track
www.TotalMerrill.com
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