Baccalaureate Bond
Baccalaureate Bond Meaning:
A type of bond issued by some states in the US to assist people to save money for college tuition fees. They are tax-free but have a coupon rate of zero (that is, they don’t pay interest).
A type of bond issued by some states in the US to assist people to save money for college tuition fees. They are tax-free but have a coupon rate of zero (that is, they don’t pay interest).
Baccalaureate Bond Example:
The maturity dates of baccalaureate bonds are timed to coincide with due dates for tuition fees, and some offer a small discount on tuition fees for colleges in the state issuing them if they are used to pay for this.
The maturity dates of baccalaureate bonds are timed to coincide with due dates for tuition fees, and some offer a small discount on tuition fees for colleges in the state issuing them if they are used to pay for this.