WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.
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.
PICKUP, in securities, is the higher yield obtained in a swap transaction-that is, the improved yield on the item being purchased relative to the selling yield on the security being liquidated.
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