Andrew is the English form of a given name common in many countries. In the 1990s, it was among the top ten most popular names given to boys in English-speaking countries. In Italian, the equivalent to Andrew is Andrea, though Andrea is feminine in most other languages. Andrew is frequently shortened to Andy or Drew.
Some Municipal Bonds are Federally Taxable. The federal government does not tax most activities of states and municipalities, giving most muni bonds tax-exempt status, but some activities do not fall under this tax exemption.
Keep in mind that the market price of zero coupon bonds fluctuates more than regular coupon bonds with the same maturity and, therefore, may not be suitable for all investors. 1  Municipal bonds that are issued at a discount generate interest income that is generally exempt from federal income tax. Most states also treat interest from their own bonds as tax-exempt to residents of their state. Although not taxable, the accrued OID is added to the bond's basis for determining taxable gain or loss on sale.