ALTERNATIVE MINIMUM TAX Definition

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ALTERNATIVE MINIMUM TAX (AMT) is an alternative tax which includes certain tax preference items that are added back into adjusted gross income. If higher than the regular tax, then the regular tax plus the amount by which AMT exceeds the regular tax is paid.

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CMO see COLLATERALIZED MORTGAGE OBLIGATION.

K as the fifth letter of a Nasdaq stock symbol indicates that the issue has no voting rights.

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