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Non-profit organizations
Abbreviated as NGO, and also known as not-for-profit organisation; an organisation that does not distribute its surplus capital to shareholders or owners, but instead uses them to pursue its original goals.They are usually exempt from income and property tax and most often include charitable organisations, trade unions and public arts organisations.
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Year-end dividend
Financial services; General Finance
A special dividend declared at the end of a fiscal year that usually represents distribution of higher-than-expected company profits.
punch shot
Sports; Golf
A shot usually used to get the ball out of difficult rough. The ball is hit on the downward stroke of a half swing shoots the ball out hard, fast and low.
uncovered call
Financial services; General Finance
A short call option position in which the writer does not own shares of underlying stock represented by the option contracts. Uncovered calls are much riskier for the writer than ...
usury laws
Financial services; General Finance
Laws limiting the amount of interest that can be charged on loans.
