WHITE KNIGHT Definition

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WHITE KNIGHT is an entity that comes to the rescue of a corporation that is being taken over.

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BOND DISCOUNT is the excess of a bond face value over issued price.

PAYROLL BURDEN, in the U.S., includes the cost of your payroll administration, FICA, FUTA, SUTA, workers' compensation, etc., based on each $100.00 of payroll. For example: $100.00 of payroll earned + 37.56 payroll burden = $137.56 total payroll.

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