Revenue Reconciliation Act of 1993

Definition:

Legislation created to reduce the federal budget deficit by cutting spending and increasing taxes.

Investing Essentials


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

Term of the Day

On the print

Used in the context of general equities. To participate in a block trade that has already transpired, as if that customer had been part of the trade originally; often used by a new party looking to... Read More

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