Tax Anticipation Bill - TAB

Posted in Finance, Accounting and Economics Terms, Total Reads: 481
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Definition: Tax Anticipation Bill - TAB

These are short term exclusive bills maturing between lesser 273 days by United States treasury department. 

These are purchased by investors like big corporations or individuals. These are bought at a discount and then on maturity, the money is used to pay off taxes. It is an efficient way in case tax liabilities are high. As there are short term, these can be bought 273 days prior to tax obligations and then maturity amount can be used to pay off taxes. It is a win-win situation. 

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