What is Forex Spread Betting? Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market. Key Takeaways Forex spread betting allows speculation on the movements of the selected currency without actually transacting in the foreign exchange market.The three components to a forex spread bet are
What Is Forfaiting? Forfaiting is a means of financing that enables exporters to receive immediate cash by selling their medium and long-term receivables—the amount an importer owes the exporter—at a discount through an intermediary. The exporter eliminates risk by making the sale without recourse. It has no liability regarding the importer’s possible default on the receivables. The forfaiter
What Is a Forfeited Share? A forfeited share is a share in a publicly-traded company that the owner loses (or forfeits) by neglecting to live up to any number of purchase requirements. For example, a forfeiture may occur if a shareholder fails to pay an owed allotment (call money), or if he sells or transfers his
What Is SEC Form ADV? The Securities and Exchange Commission (SEC) requires all professional investment advisers to submit SEC Form ADV. This form specifies the investment style, assets under management (AUM), and key officers of an advisory firm. This form must be updated annually and it must be made available as a matter of public
What Is Form 1065: U.S. Return of Partnership Income? Form 1065: U.S. Return of Partnership Income is a tax document issued by the Internal Revenue Service (IRS) used to declare the profits, losses, deductions, and credits of a business partnership. In addition to Form 1065, partnerships must also submit Schedule K-1, a document prepared for
What Was Form 1078: Certificate of Alien Claiming Residence in the United States? Form 1078 was an official document issued by the Internal Revenue Service (IRS) permitting the filer to claim residency within the U.S. for income tax reporting purposes. Once filed, the person filing the form was required to pay tax on their income
What Is Form 1095-A: Health Insurance Marketplace Statement? Form 1095-A is a form that is sent to Americans who obtain health insurance coverage through a Health Insurance Marketplace carrier. The form does not have to be returned to the government but serves as a record of the individual’s coverage. It includes information such as the
What Is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage? Form 1095-C: Employer-Provided Health Insurance Offer and Coverage is an Internal Revenue Service (IRS) tax form reporting information about an employee’s health coverage offered by an Applicable Large Employer (ALE). ALEs typically have 50 or more full-time employees. Information from this form also helps determine
What Is Form 1099-INT: Interest Income? The term Form 1099-INT refers to an Internal Revenue Service (IRS) tax form that is used by taxpayers to report interest income. The form is issued by all entities that pay interest income to investors at the end of the year. It includes a breakdown of all types of
What Is Form 1099-MISC: Miscellaneous Income? Form 1099-MISC: Miscellaneous Income (or Miscellaneous Information, as it’s now called) is an Internal Revenue Service (IRS) form used to report certain types of miscellaneous compensation, such as rents, prizes, and awards, healthcare payments, and payments to an attorney. Before the 2020 tax year, Form 1099-MISC was also used
