Category: glossary , Asked by: A. Vaughn from United States
A: Tax payable on a deceased person's estate. In the UK, inheritance tax (currently 40%) will be paid by those inheriting on the value of all assets, including investments, the home and life assurance policies, above a limit set each year by the government. Visit NordMarkets
Category: glossary by F. Mccarty from Overland Park, United States
The minimum level of consumption that would still exist even if a consumer had absolutely no income. This contrasts with discretionary consumption, which is used for non-essential items. When combined with discretionary income, a person's autonomous consumption determines his or her real income, or real wages. Certain bills and expenses are deemed to be autonomous (or independent), such as electricity, food and rent, because these expenses cannot ever be entirely eliminated whether you have money or not. Even in the worst-case financial scenario, you would still need to eat and have a place to live. If a consumer's income were to disappear for a time, he or she would have to dip into savings or increase debt in order to pay these expenses, which is also known as being in a "dissaving mode".
Category: glossary by S. Y. From Vaduz, Liechtenstein
"special drawing rights " is An international type of monetary reserve currency, created by the International Monetary Fund (IMF) in 1969, which operates as a supplement to the existing reserves of member countries. Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs are designed to augment international liquidity by supplementing the standard reserve currencies. You can think of SDRs as an artificial currency used by the IMF and defined as a "basket of national currencies". The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.
Category: glossary by Z. Wood from Zoetermeer, Netherlands
"intrastate offering " is In the United States, a securities offering that can only be purchased in the state in which it is being issued. Because the offering does not include more than one state, it does not fall under the jurisdiction of the Securities and Exchange Commission and therefore does not need to be registered with the SEC. The offering does, however, fall under the jurisdiction of state regulators. In order to be exempt from SEC regulations, the offering must meet the following requirements: it must be sold only to residents of the state in which it is issued; the issuing company must be registered in the state; and the company must do a significant amount of business in the state. Some companies choose this type of issue because it is less expensive than registering with the SEC.
Looking for about forex market, online forex trading reviews, automated forex trader or forex dealing? Learn about forex sites similar to MIG Investments and Forex Club, regulated by OSC(CA), FSA(GB) or NFA(US). Focus on round the clock trading and quick downloads; in the following languages: english, russian and japanese.