What Is a Direct Participation Program (DPP)? A direct participation program (DPP) is a pooled entity that offers investors access to a business venture’s cash flow and tax benefits. Also known as a “direct participation plan,” DPPs are non-traded pooled investments in real estate or energy-related ventures over an extended time frame. Key Takeaways A
What Is a Deferred Profit Sharing Plan (DPSP)? A deferred profit sharing plan (DPSP) is a Canadian employer-sponsored profit sharing plan intended to help employees save for retirement. The money in an employee’s DPSP account grows on a tax-deferred basis until withdrawal. Key Takeaways A deferred profit sharing plan (DPSP) is an employer-sponsored profit sharing
What Are Drag-Along Rights? A drag-along right is a provision or clause in an agreement that enables a majority shareholder to force a minority shareholder to join in the sale of a company. The majority owner doing the dragging must give the minority shareholder the same price, terms, and conditions as any other seller. Understanding
What Is a Dragon Bond? A dragon bond is a long-term debt security issued by firms operating in Asian nations (excluding Japan), but denominated in foreign, stable currencies, such as the U.S. dollar (USD) or the Japanese yen (JPY). Key Takeaways Dragon bonds are Asian corporate bonds, ex-Japan, but denominated in a foreign currency.Dragon bonds
What Is the Designated Order Turnaround (DOT (SuperDOT))? Designated order turnaround is an electronic system that increases efficiency by routing orders for listed securities directly to a specialist on the trading floor instead of through a broker. Designated order turnaround is also known as DOT or SuperDOT. Understanding the Designated Order Turnaround (DOT (SuperDOT)) Designated
What is Disclosure of Tax Avoidance Schemes (DOTAS) DOTAS (Disclosure of Tax Avoidance Schemes) is the acronym used for the procedure introduced by the UK government in 2004 aimed at minimizing tax avoidance. Tax avoidance in the UK, unlike tax evasion, is not illegal since it involves using the available tax laws to reduce one’s
What Is a Dotcom? A dotcom, or dot-com, is a company that conducts business primarily through a website. A dotcom company embraces the Internet as the key component in its business. Dotcoms get their name from the URL or domain name that customers enter to visit a website. The .com at the end of the
What Is Double Taxation? Double taxation is a tax principle referring to income taxes paid twice on the same source of income. It can occur when income is taxed at both the corporate level and personal level. Double taxation also occurs in international trade or investment when the same income is taxed in two different
What Is a Double-Barreled Bond? A double-barreled bond is a municipal bond in which the interest and principal payments are pledged by two distinct entities—the revenue from a defined project and the issuer and its taxing power. In the event that the project cash flows fall short, the issuer covers the payments promised to the
What Is a Double Bottom? A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as
