Tag: governments
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...
Handle
What is a 'Handle' A handle is the whole number part of a price quote. In a quote the handle could be...
Vault Receipt
What is 'Vault Receipt' A document frequently used as a delivery instrument to indicate ownership of precious metals stored in a bank,...
Fair Labor Standards Act (FLSA)
What is 'Fair Labor Standards Act - FLSA' A United States law which sets out various labor regulations regarding interstate commerce employment,...
General Public Distribution
What is 'General Public Distribution' A type of primary market offering in which the securities being issued are available to anyone who...
General Agreement On Tariffs And Trade (GATT)
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or...
Tax Deed
What is a tax deed sale
A tax deed sale is a public auction of property that has been foreclosed upon because the owner has...
Tax Anticipation Note (TAN)
What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate...
John Maynard Keynes
DefinitionJohn Maynard Keynes, 1st Baron Keynes, was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies...
Idle Funds
What is 'Idle Funds' Money that is not invested and, therefore, earning no interest or investment income. Idle funds are simply funds...