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Magna Cum Laude
What is 'Magna Cum Laude' Magna cum laude is an academic level of distinction used by educational institutions to signify an academic...
Offering Circular
Definition
An offering memorandum or offering circular is a type of prospectus for a bond or other security. Sometimes, this is also referred to as...
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What is a Loss Reserve and Why is it Important?
Loss reserves are an estimate of the amount of money that an insurer will need to pay out in future claims. They are a...
Impaired Capital
What is 'Impaired Capital' 1. When a bank's actual assets are worth less than their stated value. When a bank has impaired...
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Book Building
What is book building and why should you do it
Book building is the process of selling shares in an initial public offering (IPO) directly...
Share Certificate
What is a share certificate
A share certificate is a legal document that proves ownership of shares in a company. The certificate lists the name...
NEW YORK 2014
Qualified Electric Vehicle
What is 'Qualified Electric Vehicle' An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle...
What is a month to month fee?
A monthly fee is a charge that is incurred every month. This type of fee is often seen with membership organizations or recurring services....
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Canadian Royalty Trust (CANROY)
What is a Canadian Royalty Trust (CANROY)?
A Canadian Royalty Trust (CANROY) is a type of investment that allows investors to receive income from natural...
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