Consumer Credit Protection Act of 1968

Definition:

Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax differential view (of dividend policy)

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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