What is QUALIFIED SAVINGS BOND?

Any interest paid on this bond is not subject to tax if it is used for the purpose of a college education. It is a US EE bond purchased after 1989 by a person who has reached at least the age of 24 years.

More On This Topic



Link to This Definition
Did you find this definition of QUALIFIED SAVINGS BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary