Unlisted trading privileges (UTP) refer to the processes around the trading of a security that is not required to meet certain minimum requirements to be traded on an exchange. Regulation for unlisted trading privileges is detailed in the Unlisted
The Revenue Agent’s Report (RAR) is a detailed document that describes an IRS examiner’s audit findings and states the amount of deficiency or refund the agent finds the taxpayer to owe or be owed, respectively.1 Taxpayers have the right
Macroeconomics is a branch of economics that studies how an overall economy—the market systems that operate on a large scale—behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national
A 341 meeting is related to bankruptcy filings, and is creditors’ meeting that takes place when after individual files Chapter 7 bankruptcy. A 341 meeting, which takes place about a month after an individual files for bankruptcy, gets its
A knock-out option is an option with a built-in mechanism to expire worthless if a specified price level in the underlying asset is reached. A knock-out option sets a cap on the level an option can reach in the holder’s favor. As knock-out options
A dividend aristocrat is a company that not only pays a dividend consistently but continuously increases the size of its payouts to shareholders.
A wrap-around loan is a type of mortgage loan that can be used in owner-financing deals. This type of loan involves the seller’s mortgage on the home and adds an additional incremental value to arrive at the total purchase price that must be paid
Antitrust laws are regulations that monitor the distribution of economic power in business, making sure that healthy competition is allowed to flourish and economies can grow. Antitrust laws apply to nearly all industries and sectors, touching every
Ultimogeniture, also known as postremogeniture or junior right, is a system of inheritance whereby the youngest son gains possession of his deceased father’s estate. Many rural areas of medieval England used this system, as well as parts of France.
Unit benefit formula is a method of calculating an employer’s contribution to an employee’s defined benefit plan based on years of service.