Tandem Plan
What is 'Tandem Plan' In the United States, the government has supported a mortgage purchase scheme. Tandem loans are financial support provided to builders and developers of non-profit public housing projects to help them meet their financial obligations. When mortgages are purchased at a discount from the market price, the Government National Mortgage Association (GNMA / Ginnie Mae) sells them...
Tax Benefit
What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden while typically supporting certain types of commercial activity. A tax benefit allows some type of adjustment benefiting a taxpayer's tax liability. Explaining 'Tax Benefit' Tax benefits provide an advantage to the taxpayer...
Takedown
What is 'Takedown' 1. The price at which underwriters obtain securities to be offered to the public. Explaining 'Takedown' 1. The takedown will be a factor in determining the spread or commission underwriters will receive once the public has purchased securities from them. A full takedown will be received by members of a syndicate....
Tailored Advertising
DefinitionTargeted advertising is a form of advertising where online advertisers can use sophisticated methods to target the most receptive audiences with certain traits, based on the product or person the advertiser is promoting. These traits can either be demographic which are focused on race, economic status, sex, age, the level of education, income level and employment or they can...
Tax Anticipation Bill (TAB)
What is a TAB and what are its benefits A Tax Anticipation Bill, or TAB, is a type of loan that allows taxpayers to borrow against their expected tax refund. TABs can be used for a variety of purposes, including covering unexpected expenses or making a large purchase. One of the main benefits of taking out a TAB is that...
Taking The Street
What is 'Taking The Street' A slang phrase referring to the hedge fund tactic of buying large amounts of a particular stock from banks and brokers in an effort to clean out these institutions' inventory in a short period of time. Explaining 'Taking The Street' Traders will do this knowing that these institutions, being...
Tax Break
Definition A tax break is any thing that allows you to avoid paying taxes, such as a tax exemption, a tax deduction, or a tax credit. It is also used in the United States to refer to tax treatment that is beneficial to any certain group of people. What is a 'Tax Break' A tax break is a reduction in the amount...
Tap Issue
What is a 'Tap Issue' A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, maturity and coupon rate, but sold at the current market price. Explaining 'Tap Issue' This method of issuing additional debt...
Tax Expense
DefinitionA company's tax expense, or tax charge, is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax to their shareholder under generally accepted accounting principles. However, companies report income before tax to their government under tax law. Tax Expense What is a 'Tax Expense' A tax expense is a liability...
Tax Drag
What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually on an investment. Tax drag is commonly used when describing the difference between an investment vehicle that is tax-sheltered and one that is not. For many individuals, tax drag can have a significant effect on...