NRA (Non-Resident Alien) Tax
The tax which must be withheld by the corporation or its disbursing agent (usually 15% or 30%, depending on the hold's citizenship).
Reflation
Government monetary action that causes a reversal of deflation.
Federal agency bond
Fixed-income securityissued by a government agency such as FNMA.
Mark Berch:Default interest
A higher interest rate payable after default.
Restricted stock units
Similar to restricted stock. However, the unit represents a promise that employees will receive stock in the future. The units do not pay dividends until the stock is vested.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock. Mark Berch
Grantor Retained Income Trust (GRIT)
A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income.
The tax which must be withheld by the corporation or its disbursing agent (usually 15% or 30%, depending on the hold's citizenship).
Reflation
Government monetary action that causes a reversal of deflation.
Federal agency bond
Fixed-income securityissued by a government agency such as FNMA.
Mark Berch:Default interest
A higher interest rate payable after default.
Restricted stock units
Similar to restricted stock. However, the unit represents a promise that employees will receive stock in the future. The units do not pay dividends until the stock is vested.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock. Mark Berch
Grantor Retained Income Trust (GRIT)
A tax-saving trust in which a grantor transfers property to a beneficiary, but receives income until termination, at which time the beneficiary begins receiving the income.
