General Finance

General Finance

Industry: Financial services

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General Finance

tax swap

Financial services; General Finance

Swapping two similar bonds to receive a tax benefit.

unique risk

Financial services; General Finance

Also called unsystematic risk or idiosyncratic risk. Specific company risk that can be eliminated through diversification. See: Diversifiable risk and unsystematic risk.

trust company

Financial services; General Finance

An organization that acts as a fiduciary and administers trusts.

uniform securities agent state law examination

Financial services; General Finance

A test required in some states for registered representatives who are employees of member firms of the NASD or over-the-counter brokers.

tax status election

Financial services; General Finance

The decision of the status under which to file a tax return. For example, a corporation may file as a C corporation or an S corporation.

Technique used in futures and options trading to create tax benefits. For example, an investor with a capital gain takes a position creating an artificial offsetting loss in the current tax year and ...

unilateral transfers

Financial services; General Finance

Items in the current account of the balance of payments of a country's accounting books that correspond to gifts from foreigners or pension payments to foreign residents who once worked in the ...