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Tax shield
The reduction in the firm's tax liability due to the tax deductibility of interest. Technical insolvency A situation in which a firm is unable to pay its liabilities as they come due. Tender offer The offer to buy shares in another firm, usually for cash, securities, or both.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Business services
- Category: Mergers & acquisitions
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