Tag: agreement
Tariff
What is a 'Tariff' A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the...
Take-Out Commitment
What is 'Take-Out Commitment' A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a...
Tax Clawback Agreement
What is a Tax Clawback Agreement
A Tax Clawback Agreement is an agreement between a taxpayer and the IRS in which the taxpayer agrees to...
Take-Out Loan
What is a 'Take-Out Loan' A type of long-term financing (usually) on a piece of real property. Long-term take-out loans replace interim...
Dead Hand Provision
What is 'Dead Hand Provision' A stipulation on a defense mechanism (or poison pill) used by companies in order to protect against...
Uncommitted Facility
What is 'Uncommitted Facility' An uncommitted facility is an agreement between a lender and a borrower where the lender agrees to make...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...
John Elkann
DefinitionJohn Philip Jacob Elkann is an Italian industrialist. He was the chosen heir of his grandfather Gianni Agnelli, and chairs and controls the automaker...
Joint Credit
What is 'Joint Credit' Credit issued to two or more people based on their combined incomes, assets and credit histories. Joint credit...
Jobs And Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
In this post, we will be discussing the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). This was a bill that was...