MILLAGE Definition

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MILLAGE is a rate (as of taxation) expressed in mills per dollar.

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COST OF MONEY is a form of indirect cost incurred by investing capital in facilities employed on government contracts.

LIQUIDATING DIVIDENDS are dividends paid by a corporation that is in the process of liquidation/bankruptcy. Liquidating Dividends are paid from the capital of the corporation as opposed to earnings. Recipients of Liquidating Dividends are typically shareholders, bond holders and/or creditors. In the U.S. such dividends are generally nontaxable under the Internal Revenue Code.

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