"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
ZERO COUPON CONVERTIBLE DEBENTURE/SECURITY is a zero coupon bond that is convertible into the common stock of the issuing company after the common stock reaches a certain price.
MONEY SUPPLY is the three categories of money supply (MI, M2, M3) as defined by the U.S. Federal Reserve Board.
M1 The sum of-currency held by the public, plus travelers' checks, plus demand deposits, plus other checkable deposits-i.e., negotiable order of withdrawal (NOW) accounts, automatic transfer service (ATS) accounts and credit union share drafts.
M2 MI plus savings accounts and small-denomination time deposits, plus shares in money market mutual funds (other than those restricted to institutional investors) and overnight Eurodollars and repurchase agreements.
M3 M2 plus large-denomination time deposits (over $100,000) at all depository institutions, large-denomination term repurchase agreements and shares in money market mutual funds restricted to institutional investors.
EFFECTIVE TAX RATE is the net rate a taxpayer pays on income that includes all forms of taxes. It is calculated by dividing the total tax paid by taxable income.
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