TAX LIEN CERTIFICATE
Certificate of claim filed by a tax authority against the taxpayer’s property which fails to pay the total amount of taxes owed. In most counties and municipalities in the United States, these are commonly sold to investors through auction. Tax liens is the precedent of all other liens on the property. The tax lien certificate specifies the outstanding taxes and penalties on the property, allowing the investor to collect unpaid taxes plus existing interest rate applicable to these certificates, usually between 8% and 30% depending on the jurisdiction. Its term lasts from one to three years.
POPULAR TERMS
Uptick
An Uptick is a transaction or a business deal for a financial instrument that surpasses the previous transaction in price. If the price of a stock ...
Lock In Profits
Realizing the profits of a position such as buying a stock by exiting at a gain. By doing so, the portion of that investment is no longer vulnerabl ...
Profit
Profit occurs when the amount of revenue gained from a business exceeds the expenses, costs, and tax needed to maintain the business activity.
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Due Diligence Meeting
Meticulous probe conducted by an underwriter, ensuring all details has been revealed to prospective investors before issuing a new security.
Laffer Curve
The relationship between tax rates and tax revenue collected by the government. Formed by Arthur Laffer, the curve states there is an optimal tax i ...
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| 09:00 | SECO Consumer Confidence | May | |
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| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
