Tag: government
Maintenance Bond
What is a maintenance bond
A maintenance bond is a type of surety bond that is often required by municipalities in order to guarantee that...
Macroeconomic Swap
What is 'Macroeconomic Swap' A type of derivative designed to help companies whose revenues are closely correlated with business cycles to reduce...
Major Fraud Act Of 1988
What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud...
Macroeconomic Stabilization Fund (FEM)
What is 'Macroeconomic Stabilization Fund - FEM' A reserve fund established by the country of Venezuela. Also known as the "FEM," it...
Abatement Costs
What is 'Abatement Cost' A cost borne by many businesses for the removal and/or reduction of an undesirable item that they have...
Absolute Interest
What is 'Absolute Interest' Total and complete ownership of an asset or property. An individual with an absolute interest has both a...
Ability-To-Pay Taxation
What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Above The Market
What is 'Above The Market' An order to buy or sell at a price set higher than the current market price of...
Absolute Priority
What is an 'Absolute Priority' An absolute priority is a rule that stipulates the order of payment - creditors before shareholders -...