General Finance

General Finance

Industry: Financial services

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General Finance

market out clause

Financial services; General Finance

A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments.

mutual exclusion doctrine

Financial services; General Finance

The doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government ...

The theory that, in certain situations, institutions wish to sell their shares but postpone the sale because large orders under current market conditions would drive down the share price and that the ...

mutual fund

Financial services; General Finance

Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to ...