Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA): The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends.

 

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Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA): The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends.

Point Of Exposure: The place where someone can come into contact with a substance present in the environment [see exposure pathway].

Point of Presence (POP): A Point of Presence usually means a city or location where a network can be connected to, often with dial up phone lines. So if an Internet company says they will soon have a POP in Belgrade . . . View Full Definition

Point Of Sale (POS): The place where a sale of goods takes place, eg. a shop counter.

Point Of View: The way a story gets told and who tells it. It is the method of narration that determines the position, or angle of vision, from which the story unfolds. Point of view governs the reader's a . . . View Full Definition

Point Of Beginning (POB): In a metes-and bounds legal description, the starting point of the survey, situated in one corner of the parcel, all metes-and-bounds descriptions must follow the boundaries of the parcel ba . . . View Full Definition

Point Of View Character: The central figure in a limited point of view narration, the character through whom the reader experiences the author's representation of the world. See point of view, above.

Plug And Play: A security card or cable card you get from a cable operator that decrypts scrambled cable signals on the sets. It replaced set-top boxes, and is an aspect of digital television.

Plug and Play (PnP): A technology developed by Microsoft and Intel that supports plug-and-play installation. PnP is built into the Windows 95 operating system, but to use it, the computer's BIOS and expansion bo . . . View Full Definition

Point And Figure Chart: A price-only chart that takes into account only whole integer changes in price, i.e., a 2-point change. Point and figure charting disregards the element of time and is used solely to record . . . View Full Definition