What Is a Dual Listing? A dual listing refers to a listing of any security on two or more different exchanges. Companies use dual listings because of their benefits, which include additional liquidity, increased access to capital, and the ability for their shares to trade for longer periods if the exchanges on which their shares
What is a Dual Rate Income Tax A dual rate income tax is an income tax rate structure in which two different tax rates are charged depending on income levels. Breaking Down Dual Rate Income Tax With dual rate income tax, all income will be taxed at the lower rate up to the cutoff income
What Is a Due-on-Sale Clause? A due-on-sale clause is a mortgage contract provision that requires the borrower to repay the lender in full upon the sale or conveyance of a partial or full interest in the property that secures the mortgage. Mortgages with a due-on-sale clause are not assumable by the property’s new buyer. Key
What Is a Due Bill? A due bill is a financial instrument used to document and identify a stock seller’s obligation to deliver a pending dividend to the stock’s buyer. A due bill is also used when the stock’s buyer is obligated to deliver a pending dividend to the stock’s seller. Due bills can be used
What Is Due Bill Period? In the context of corporate actions, such as the issuance of dividends, due bill period is the time during which due bills are used. A due bill documents and clarifies a stock seller’s obligation to deliver a pending dividend or another form of payment to the stock’s buyer. Due bills
What Is Due Diligence? Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party. Key Takeaways Due diligence is a systematic way to analyze and
What Is a Due From Account? A due from account is an asset account in the general ledger used to track money owed to a company that is currently being held at another firm. It is typically used in conjunction with a due to account and is sometimes referred to as intercompany receivables. Key Takeaways
What Is Due Process? Due process is a requirement that legal matters be resolved according to established rules and principles, and that individuals be treated fairly. Due process applies to both civil and criminal matters. In countries with developed legal systems, individuals expect that the rights enshrined in their constitutions will be applied to them
What Is a Dummy Shareholder? A dummy shareholder is an entity that holds shares in a public company on behalf of an individual or firm, the latter being the real or true owner of these shares. A dummy shareholder will, therefore, have no beneficial interest in the account where these shares are being held. Decisions
What Is Dumping? Dumping is a term used in the context of international trade. It’s when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter’s domestic market. Because dumping typically involves substantial export volumes of a product, it often endangers the financial viability of the product’s manufacturer
