Taxable Debt definition
Taxable Debt means conventional financing from a major financial institution or taxable Bonds issued by a municipality including but not limited to Build America Bonds or Recovery Zone Bonds.
Taxable Debt means conventional financing from a major financial institution or taxable Bonds issued
Taxable Debt means Non-Self Sufficient Debt, the interest on which is not intended at the time of issuance thereof to be excluded from the gross income of the owners thereof for federal income tax purposes.