What Was once as soon as Franco Modigliani? What Are His Contributions to Economics?

What Was once as soon as Franco Modigliani? What Are His Contributions to Economics?

Franco Modigliani was a Neo-Keynesian economist who received the Nobel Prize in 1985. Modigliani was born in 1918 in Rome, Italy and later came to the United States at the outbreak of World War II. He is best known for his contributions to consumption theory, financial economics, and for the theory he developed, called the

Franked Investment Income

Franked Investment Income

What Is Franked Investment Income? Franked investment income (FII) is income that is received as a tax-free distribution by one company from another. This income is typically tax-free to the receiving firm and is usually distributed in the form of a dividend. Franked investment income was introduced in the interest of avoiding double taxation of

What Are Franking Credit score? Definition and Parts for Calculation

What Are Franking Credit score? Definition and Parts for Calculation

What Is a Franking Credit? A franking credit, also known as an imputation credit, is a type of tax credit paid by corporations to their shareholders along with their dividend payments. Australia and several other countries allow franking credits as a way to reduce or eliminate double taxation. Since corporations have already paid taxes on

Fraption Definition

Fraption Definition

What Is a Fraption? A fraption is a type of option that gives the holder the opportunity to enter into a forward rate agreement (FRA) with predetermined conditions and within a certain amount of time. Forward rate agreements are contracts to exchange a pre-determine interest rate to be paid on a future date on some notional

Fraternal Team Definition

Fraternal Team Definition

What Is a Fraternal Organization? A fraternal organization is a brotherhood or a type of social organization whose members freely associate for a mutually beneficial purpose such as for social, professional or honorary principles. The term fraternal organization is from the Latin frater, meaning brother. Key Takeaways A fraternal organization is a social club or

Definition, How It Works, Origins, and Example

Definition, How It Works, Origins, and Example

What Is Free Enterprise? Free enterprise, or the free market, refers to an economy where the market determines prices, products, and services rather than the government. Businesses and services are free of government control. Alternatively, free enterprise could refer to an ideological or legal system whereby commercial activities are primarily regulated through private measures. Key Takeaways