Unrelated Business Tax Income

Definition

Income earned by a tax-exempt entity that does not result from tax-exempt activities. The entity may owe taxes on this income.

Investing Essentials

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


Term of the Day

Overwriting
A speculative option strategy that involves selling call or put options on stocks that are believed to be overpriced or underpriced; the options are expected not to be exercised.

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