An allowance that is paid out in cash, instead of being reimbursed at a later date. Employers usually give cash allowances to employees in order to cover the costs of, for example, meals and lodging. Cash allowances are considered taxable income to the employee, like wages and salaries. The employee can then claim employment-related expenses against the increase in income.
A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities. |||NBBO is the bid and ask the average person will see. Day traders usually use Level 2 market maker screens to see ALL the bids and offers for a particular stock. The NBBO is updated throughout the day to show the highest and lowest offers for a security in all exchanges and market makers.
A stock or bond that is listed under a major financial exchange, but is not actively traded. Taobiz explains Cabinet Security The securities stay up in the cabinet like "Mom's fine china." The security may trade only in small lots, such as 5 shares at a time.
The sale of equity shares or other financial instruments by an organization to the public in order to raise funds for business expansion and investment. Public offerings of corporate securities in the U.S. must be registered with and approved by the SEC and are normally conducted by an investment underwriter. Generally, any sale of securities to more than 35 people is deemed to be a public offering, and thus requires the filing of registration statements with the appropriate regulatory authorities. The offering price is predetermined and established by the issuing company and the investment bankers handling the transaction. The term public offering is equally applicable to a company's initial public offering, as well as subsequent offerings.
A trade association that represents U.S. Real Estate Investment Trusts (REITs) and publicly traded real estate companies. In essence, NAREIT works as a lobbyist for both of these groups when dealing with individuals who legislate the two respective industries. |||NAREIT is made up of a community of industry professionals, academics and companies that work together to promote the real estate industry and REITs. Through NAREIT, individuals are able to access comprehensive industry data on the overall real estate industry and the performance of member REITs.
A tax on businesses and industries that produce carbon dioxide through their operations. A carbon dioxide tax is designed to reduce the output of greenhouse gases and carbon dioxide, a colorless and odorless incombustible gas, into the atmosphere. The tax is imposed with the goal of environmental protection. The carbon tax policy taxes fossil fuel usage according to the amount of carbon emitted. It is also referred to as a form of carbon pricing on greenhouse gas emissions where a fixed price is set by the government for carbon emissions for certain sectors. The price is passed through from businesses to consumers. By increasing the cost of greenhouse emissions, governments hope to curb consumption, reduce the demand for fossil fuels and push more companies toward creating environmentally friendly substitutes.
Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include extortion, money laundering, loan sharking, obstruction of justice and bribery. The Racketeer Influenced and Corrupt Organizations (RICO) Act became U.S. law in 1970, permitting law enforcement to charge individuals or groups with racketeering. Racketeering is the illegal activity that is inherent to organized crime. These crimes are committed with the protection and advancement of the organized-crime "business" in mind. Racketeering usually refers to continued engagement in criminal activity.
The total monetary savings that would result from a person or a business choosing to lease an asset, as opposed to purchase it outright. The benefit of leasing is determined by comparing the net present value of purchasing the asset outright to the net present value of leasing it. |||Depending on the level of detail necessary in the calculation, NAL present value calculations can take into account depreciation, the average expected life of the asset, cost of repairs to the asset, expectations of interest rate changes and so on. In simplistic cases, NAL is expressed as the money that would be saved by leasing an asset instead of buying it, not taking into account the cost of capital.