WordReference Random House Unabridged Dictionary of American English © 2026
tax-ex•empt
(taks′ig zempt′),USA pronunciation adj.
n.
- not subject or liable to taxation:tax-exempt imports.
- Bankingproviding income that is not taxable:tax-exempt municipal bonds.
n.
- a tax-exempt security.
- 1920–25
'tax-exempt' also found in these entries (note: many are not synonyms or translations):