NATAROS V. FINE ARTS GALLERY OF SCOTTSDALE
Court case which involves an auction house and a buyer. Considered a landmark case in the arts, the buyer suspected the price of items at auction were rigged and overpriced. The plaintiffs in this case, Frank and Anna Nataros, purported the auction house employees engaged in negligent misrepresentation and fraud during the sale of several items.
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Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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