Related Words

X: A score that cannot be determined, as play on a hole was not completed

Convertible Exchangeable Preferred Stock: A eurobond that can be converted into another asset, often through exercise of attached warrants.

Copenhagen Stock Exchange: An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who . . . View Full Definition

Oxymoron: An expression impossible in fact but not necessarily self-contradictory, such as john milton's description of hell as 'darkness visible' in book i of paradise lost.

Blue Box Policies: Direct payments, under the definition of 'production-limiting' measures as defined in Article 6 of the Uruguay Round Agreement on Agriculture, that are not subject to the commitment to reduc . . . View Full Definition

Corporate Taxable Equivalent: The argument that double (corporate and individual) taxation of equity returns makes debt a cheaper financing method.

Biochemical Oxygen Demand (BOD): A measure of the amount of oxygen consumed by natural, biological processes that break down organic matter, such as those that take place when manure or sawdust is put in water. High levels . . . View Full Definition

Beef (Cattle) Price Index (BPI): An index of the weighted average annual price for beef cattle, excluding calves, for a 16 western state area as compared with a specific base period equal to 100. This index is used in calcu . . . View Full Definition

Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

Tax Basis: The assessed value of the taxable property, assets, and income within a specific geographic area.