Baccalaureate Bond

What Does Baccalaureate Bond Mean?
A zero-coupon bond issued by certain states to assist families save for college tuition by means of added tax benefits.

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.

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