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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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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