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General Finance
Industry: Financial services
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General Finance
Trust Indenture Act of 1939
Financial services; General Finance
A law that requires all corporate bonds and other debt securities to be issued subject to indenture agreements and comply with certain indenture provisions approved by the SEC.
taxable acquisition
Financial services; General Finance
A merger or consolidation that is not a tax-fee acquisition. The selling shareholders are treated as having sold their shares.
trust receipt
Financial services; General Finance
Receipt for goods that are to be held in trust for the lender.
taxable equivalent yield
Financial services; General Finance
The return from a higher-paying but taxable investment that would equal the return from a tax-free investment. This depends on the investor's tax bracket.
trustee
Financial services; General Finance
Agent of a bond issuer who handles the administrative aspects of a loan and ensures that the borrower complies with the terms of the bond indenture.
taxable estate
Financial services; General Finance
That portion of a deceased person's estate that is subject to transfer tax.
trustee in bankruptcy
Financial services; General Finance
An appointed trustee who supervises and administers the affairs of a bankrupt company or individual.
