TRADE DATE Definition

TRADE DATE, in securities, is the actual date on which a trade is initiated or executed.

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FISCALIST is an economist who prefers that the government affect the economy by raising and lowering taxation and/or government spending.

PRETAX INCOME is a profitability measure that looks at a company's profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax.

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