VAT Definition

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VAT see VALUE ADDED TAX.

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VALUATION is the act or process of determining the value of a business, business ownership interest, security, or intangible asset.

BID TICK RULE is a NASD rule prohibiting a short sale transaction when the current best bid in a security is less than the previous best bid. That is, when it is on a "down-tick." The bid tick rule does not apply to the OTCBB.

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