Investors would purchase these bonds before their death in anticipation of federal estate taxes. If the bondholder passed away, the bonds would mature at par value and be used as payment for the deceased's federal estate taxes.
Also known as estate tax anticipation bonds, the last of these bonds matured in 1998.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
flower bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
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