White-shoe firm

Definition:

Broker-dealer firms that disdain practices such as hostile takeovers.

Investing Essentials


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

Term of the Day

NRA (Non-Resident Alien) Tax

The tax which must be withheld by the corporation or its disbursing agent (usually 15% or 30%, depending on the hold's citizenship).

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