3 Results for Tag: treated

Sacred Cow

Sacred Cow What is 'Sacred Cow' A firmly held mainstream belief that is considered to be true without independent verification. In finance, and in particular in investing, there are many s

Passive Foreign Investment Company (PFIC)

Passive Foreign Investment Company (PFIC) What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits eit


DefinitionPari passu is a Latin phrase that literally means "with an equal step" or "on equal footing". It is sometimes translated as "ranking equally", "hand-in-hand", "with equal force", o