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:
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 Terms:
529 Plan
Bond
Coverdell Education Savings Account
Tax Shelter
Zero-Coupon Bond

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