/ Dictionary / Index T tax-exempt: Meaning and Definition of Find definitions for: tax-ex•empt Pronunciation: (taks'ig-zempt"), [key] — adj. not subject or liable to taxation: tax-exempt imports. providing income that is not taxable: tax-exempt municipal bonds. —n. a tax-exempt security. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. See also: tax-exempt (Thesaurus) tax evasion tax exile Related Content Daily Word Quiz: wizened Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language