An area that was once known for its manufacturing plants but is now abandoned as these plants have either gone out of business or moved to Latin America or Asia, where labor costs are lower. The U.S. Eastern seaboard and parts of Germany are often referred to as rust bowls.
When a farmer is forced to sell more animals than in a typical year because of poor weather conditions. The profits from the livestock sales can be deferred to the following year, even if the proceeds exceed the losses. The tax deferral is not exclusive to a drought situation. Losses due to unexpected epidemic (disease outbreak) ravaging the livestock or other uncharacteristically massive losses (floods, fires, etc).
The separation of company equity into more than one class of common shares, usually called "Class A" and "Class B." Also known as "classified stock". Taobiz explains Classified Shares The specific features of each class are set out in the corporate charter and bylaws. Voting privileges are the main reason companies create different classes, although liquidation and dividend rights may also be involved.
The name given to the group of investors refusing to tender their shares into a corporate action, such as a merger or acquisition. Should the quantity of rump shares be large enough, a corporate action may be stalled or halted.
An index that focuses on days where the volume has significantly increased from the previous day's trading. |||It tries to determine what smart investors are doing. When trading volume is high it is thought that inexperienced investors are involved. Whereas on slow days, "shrewd investors" quietly buy or sell the stock.
A structure for a board of directors in which a portion of the directors serve for different term lengths, depending on their particular classification. Under a classified system, directors serve terms usually lasting between one and eight years; longer terms are often awarded to more senior board positions (i.e. chairman of the corporate governance committee). Classified boards are often referred to as "staggered boards", although staggered boards and classified boards have somewhat different structures. Staggered boards need not be classified, but classified boards are inherently staggered. Taobiz explains Classified Board The classified board structure features continuity of direction and preservation of skill, but has come under harsh criticism from shareholder advocacy groups for a number of reasons. Opponents to the classified structure argue that the system breeds board member complacency and forces directors to develop close relations with management. Classified boards also serve as a powerful anti-takeover measure.
The federal telephone excise tax is a statutory federal tax on communications services. It is collected from a customer (of a telephone company, for instance) by the entity receiving any payment for facilities or services on which the tax is imposed. An excise tax is a tax on the consumption of certain goods and services, often imposed on the quantity purchased rather that the dollar value. Other common excise taxes include gasoline and cigarette taxes. The federal telephone excise tax appears as part of a monthly telephone bill or wireless plan.
Stock certificates that have become worthless. When a company becomes bankrupt, in most instances, the value of shareholders' equity will approach zero. For shareholders with the physical stock certificate, they essentially become as valuable as "scrap paper". Because creditors are paid before stockholders in bankruptcies, typically all physical stock certificates of a bankrupt company become scrap paper.