SPAC
Special purpose acquisition company (SPAC) is also known as ‘targeted acquisition company (TAC)’. It is a company whose main purpose is to acquire an existing company. As a publicly-traded buyout company, SPACs raise money for the acquisition by pooling money, usually in a trust fund, from the public and often in a targeted industry in the name of an unspecified merger. Generally, every SPAC is sold at $6 per unit of one share of a common stock. If no acquisition and merger occurs within two years, assets go back to their respective investors.
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Skimming is an act used by identity thieves to capture the personal information of an individual through electronic means. A little electronic devi ...
Federal Poverty Level - FPL
The minimum amount of gross income that a family needs for food, clothing, transportation, shelter and other necessities. In the United States, thi ...
Hiring Freeze
A situation where the employer temporarily freezes the hiring of new employees. Hiring freeze is put into place as a cost-saving effort as a result ...
Lump-Sum Payment
Repayment of the total or partial value of an asset by one-time payment. Usually, this is taken instead of recurring payments that would be receive ...
Announcement Date
The date in which a company will make an announcement on the details pertaining an issue of equity or debt. The announcement da ...
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