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.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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