nonexempt nonexempt

Definition(s):

  1. (adj) (of goods or funds) subject to taxation
  2. (adj) (of persons) not exempt from an obligation or liability

Usage(s):

  1. He made known that he wished all new Federal securities issued to supply the $3,860,000,000 to be nonexempt from taxes.
  2. Actually, the Federal Reserve regulations determine only the initial margin requirements, currently 70% of the total cost of registered nonexempt securities.

News

  • Bankruptcies, June 21

    Four bankruptcy categories listed are: Chapter 7, bankruptcy involving liquidation of nonexempt assets; Chapter 11, plan permitting reorganization of financial affairs under court supervision for an individual engaged in business...
    on June 21, 2013     Source: Omaha World-Herald

Quotes

  • Goldstein's Web site, Galvin said, "has no such control over access to securities advertising and offering materials, and constitutes an unregistered, nonexempt, public offering of securities in Massachusetts."
    on Jan 31, 2007 By: William Galvin Source: Reuters

Word of the Day
untenable untenable
/ən ˈtɛ nə bəl /