ASSET REVERSION Definition

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ASSET REVERSION is asset recovery by the sponsoring employer through termination of a defined benefit pension fund and/or of assets in excess of amounts required to pay accrued benefits of a pension fund. In the U.S., assets recovered through reversion are subject to corporate income tax and an excise tax.

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MARKET ORDER is an order to buy or sell a stock at the market's current best displayed price.

LATS (LATI, LATU) is a currency of Latvia.

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