IRS PUBLICATION 517
A document that outlines how clergy members or other religious workers must pay Social Security and Medicare taxes. It can be collected through the Self-Employment Contributions Act (SECA) or the Federal Insurance Contributions Act (FICA), but not both. The publication, by Internal Revenue Service (IRS), also covers which earnings are subject to SECA and and which are under FICA rules.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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Options Transaction Via Day Trading
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