tax anticipation bill (TAB)

tax anticipation bill (TAB) definition - business

tax anticipation bill (TAB)

A short-term U.S. Treasury obligation that is issued at a discount and that may be used at face value upon maturity or a few days before to pay a federal tax obligation. These securities appeal primarily to corporations and relatively large investors with significant tax obligations.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.