BACKUP WITHHOLDING
Tax which is levied on the investment income, at a fixed tax rate, as the investor pulls it out. Backup withholding aids in ensuring that the government tax-collecting agencies ( such as the Canada Revenue Agency or IRS) can receive income taxes due from the earning of investors. Backup withholding is applicable once an investor didn't able to fulfill the rules concerning taxpayer identification number (TIN). Once the investor withdraws his/her investment income, the amount required by the backup withholding tax will be remitted to the government, giving the tax collecting body with the needed funds right away, but leaving leaving the investor with decreased short-term cash flow.
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Hedge Clause
A disclaimer found in financial documents that protects authors of financial reports from liability for errors within the report.
8-a Firm
Company owned and operated by individual that is socially or economically disadvantaged. Such firms are qualified for financial assistance, mentori ...
Credit Cliff
Slang term for compounding a firm’s credit deterioration due to provisions such as financial covenants, or events that ignites a change in it ...
Default Judgment
A binding judgment issued by a court in favor of the plaintiff when the defendant fails to respond to a court summons or fails to appear in court. ...
Upstream Guarantee
Upstream Guarantee is a contingent liability on a the financial statements of a subsidiary. In this contingent liability, the subsidiary guarantees ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Industrial Production | Jun | |
| 06:30 | Tertiary Industry Index | Jun | |
| 09:00 | Fixed Asset Investment | Jul | |
| 09:00 | Industrial production | Jul | |
| 09:00 | Retail Sales | Jul | |
| 09:00 | Unemployment Rate | Jul | |
| 09:00 | NBS Press Conference | ||
| 14:30 | Consumer Price Index | Jul | |
| 14:30 | Consumer Price Index Core | Jul |
