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Tax-neutrality

Definition:

Characteristic that taxes do not interfere with the natural flow of capital toward its most productive use.

Investing Essentials


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

Term of the Day

Cede & Co.

Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

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