tax-exempt

Noun tax-exempt has 1 sense

• tax-exempt(n = noun.possession) tax-exempt security - a security that is not subject to taxation;
is a kind of certificate, security

Adjective tax-exempt has 1 sense

• tax-exempt(s = adj.all) tax-free, untaxed - (of goods or funds) not taxed; "tax-exempt bonds"; "an untaxed expense account"