Expert Answers » Renewable Energy
Renewable Energy Glossary Definition (English)
Private Activity Bond Defined
The following is in context to Renewable Energy, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A bond in which more than 10 percent of the proceeds are secured by the interest in the property of a private business or used in a nonpublic business. A PAB can still be tax-exempt if used (at least 95 percent) for qualified investments, such as waste-to-energy facilities, and provided that State allocation caps are not exceeded."
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Expert Dictionary: Private Activity Bond
Dictionary: Private Activity Bond
