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TEBF
Tax-exempt bond fund: a mutual fund that invests in municipal bonds, offering tax free income to the owners of shares
Third Market
Over-the-counter market in listed securities. Lower commissions are often available in this market than on the exchange.
Time Horizon
Length of time an investor has to realize a particular financial goal.
Treasury Bill
'T-Bills' are sold by the Treasury to mature in between 13 and 52 weeks.
Treasury Bonds
Are sold by the Treasury to mature in ten years or more.
Treasury Note
Are sold by the Treasury to mature in between 1 and 10 years.
Trust
Trusts involve a grantor, a trustee, and one or more beneficiaries; a grantor transfers the ownership of his or her property to a trustee, who holds it for the benefit of the beneficiary(ies).
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