An instruction accompanying sell orders, stating that only cash will be accepted in exchange for delivery of the securities. |||Institutions are usually required by law to only accept cash.
A taxation rule that allows a married couple to split a gift's total value as if each contributed half of the amount. Gift splitting allows a couple to increase their total gift tax exemption amount by combining individual allowances. For gift splitting to be official, both spouses must agree to the gift and specify the situation when filing taxes. In 2006, the gift tax exemption was set at $12,000 per individual gift annually. Gift splitting allows a couple to donate a total of $24,000 before being taxed on the contribution. For example, let's say you want to give your child $20,000 to purchase a vehicle. If you make the gift alone, $8,000 ($20,000-$12,000) will be subject to gift taxes. However, if you split the gift with your spouse, with each of you contributing $10,000, both contributions will fall under the $12,000 limit, making the entire gift non-taxable.
An asset allocation strategy in which assets are assigned a fixed percentage in a portfolio and readjusted to their target weights periodically. The readjustment allows the portfolio to remain properly weighted, and forces the sale of outperforming assets and purchase of underperforming assets. In a constant ratio plan, the manager must choose how often to rebalance the portfolio and weigh the tradeoff between the desire to frequently rebalance and the added transaction costs that will result. Taobiz explains Constant Ratio Plan A constant ratio plan differs from buy-and-hold and momentum strategies. Buy-and-hold investors set one allocation and don't rebalance, while momentum investors sell underperforming assets and buy outperforming ones. A constant ratio plan performs best in a volatile market with a general mean-reverting pattern. For example, if the stock market is oscillating, a constant ratio plan will buy when stock prices fall and sell when they rise.
A reference to a lack of confidence in a report's facts or general disrespect for a report's author. A soft paper report should have only one use – as toilet paper – which is how its name was derived. Also known as a toilet paper report. Reports are almost always subjective, as even hard facts have to be interpreted. In business, it is important not to rely on everything you hear and read, and instead to do a little homework yourself. Otherwise you could find yourself relying on a report that is only good for toilet paper.
A technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula: RSI = 100 - 100/(1 + RS*) *Where RS = Average of x days' up closes / Average of x days' down closes. As you can see from the chart, the RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued. |||A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.
Expenses incurred from the operation of a business or the performance of employment-related activities within your residence. To be able to deduct home office expenses, an individual must spend at least half his or her time working at home. Individuals are entitled to deduct some housing expenses such as utilities, mortgage interest and property taxes. Anything that is used exclusively for the home office can be fully deducted, including supplies, an extra fax and phone line, and computer equipment. The amount of housing expenses that someone can deduct is restricted to the amount of business income they earn.
An electronic system that continuously reports data on the sales volume and price of exchange traded securities. Taobiz explains Consolidated Tape In contrast to the specific tapes for different exchanges that only record affiliated transactions, the consolidated tape records all the transactions of exchange traded securities on all exchanges.
An accounting method that considers how current fiscal policies affect future generations. Generational accounting analyzes whether government spending and tax programs that benefit current members of society will produce an unfair tax obligation for future generations. The purpose of this accounting style is to achieve generational balance, where current and future generations have equivalent lifetime net tax rates, which allows for fiscal sustainability. The government's tax programs and fiscal policy can be adjusted to provide more care and benefits for certain members of a country's population. However, focusing programs on a specific group forces other generations to pay the costs, essentially imposing a taxation without representation. For example, spending on retirement programs for the elderly requires that younger generations foot the bill. This concept can be extended to future generations. Let's say the government were to lavishly spend on programs to benefit its current population in the short term. The debt obligations could be so large, that they could not be repaid by the current population in an average lifetime. In this case, the debt would be passed on to the next generation of citizens, who must then pay for benefits they never received. Generational accounting aims to eliminate policies that negatively impact future generations.
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