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When software developers create apps for Apple's iOS, Apple scrutinizes the software to ensure it adheres to strict guidelines.
Municipal Bond
A debt security issued by a city, municipality, or county to finance its capital expenditures, typically offering tax-exempt interest payments.
Corporate Bond
A debt security issued by corporations to finance their operations, which promises to pay the holder a specified rate of interest and return the principal at maturity.
Tax Bracket
A range of incomes taxed at a certain rate within a tax system, where the tax rate typically increases as income rises.
Before-tax Yield
The earnings or return on an investment before the deduction of any taxes.
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