| Baccalaureate Bond | |
 A zero-coupon bond issued by certain states to assist families save for college tuition by means of added tax benefits. |
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 These bonds are typically issued in small denominations and are offered in several maturities, making them more convenient for investing and paying yearly college tuition fees. In some states, additional benefits like tuition discounts may be included. |
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 Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial. Five Tips for the Tax-Smart Investor - Being tax savvy can help you increase your returns more than you'd expect! |
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