What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits either...
DefinitionUnder-reporting usually refers to some issue, incident, statistic, etc., that individuals, responsible agencies, or news media have not reported, or have reported as less...
What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces...