Search Investopedia

Baccalaureate Bond

Filed Under » ,
Dictionary Says

Definition of 'Baccalaureate Bond'

A zero-coupon bond issued by certain states to assist families save for college tuition by means of added tax benefits.
Investopedia Says

Investopedia explains 'Baccalaureate Bond'

These bonds are typically issued in small denominations and are offered in several maturities, making them more convenient for investing and paying yearly college tuition fees. In some states, additional benefits like tuition discounts may be included.

Related Definitions

  •

    529 Plan

    A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. Also known as a "qualified tuition program", or more fully as a ...
    Read More »

  • Bond

    A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used ...
    Read More »

  • Coverdell Education Savings Account - ESA

    A tax-deferred trust account created by the U.S. government to assist families in funding educational expenses for beneficiaries 18 years old or younger. While more than one ESA can be ...
    Read More »

    • Tax Shelter

      A legal method of minimizing or decreasing an investor's taxable income and, therefore, his or her tax liability. Tax shelters can range from investments or investment accounts that ...
      Read More »

    • Zero-Coupon Bond

      A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value. Also known as an ...
      Read More »

    • Graduate Management Admission Test - GMAT

      A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most commonly used as the primary exam reviewed by business schools ...
      Read More »

    • Wharton School

      This is one of America's top business schools and is located at the University of Pennsylvania. The Wharton School was founded in 1881 through a donation by Joseph Wharton. Wharton is ...
      Read More »

    • MIT Sloan School Of Management

      One of the top business schools in America, located at the Massachusetts Institute of Technology in Cambridge, Massachusetts. The Sloan School of Management was originally founded as the ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions