AUCTION MARKET is a trading system in which buyers enter competitive bids and sellers enter competitive offers simultaneously. This, as opposed to the over-the-counter market, where trades are negotiated. Examples: the NYSE and the AMEX. It is sometimes called double auction market.
KEOGH is a pension plan in the United States that allows a business to contribute a portion of profits into a tax-sheltered account.
INPUT VAT is the VAT on a companys input supplies. See also VALUE ADDED TAX (VAT).
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