Central America Free Trade Area-Dominican Republic (CAFTA-DR): Overview The Central America Free Trade Area-Dominican Republic (CAFTA-DR) is a treaty that abolishes tariffs and encourages trade between the U.S. and a number of Central American nations including Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The Dominican Republic, a Caribbean island nation, was added to the deal later.
What Is a Donee Beneficiary? A donee beneficiary receives the benefit of a contract between two other parties as a gift from one of the parties to the contract. While donee beneficiaries stand to benefit from the fulfillment of a contract, they are not technically party to the contract. Who Is a Donee Beneficiary? The
WHAT IS Vietnamese Dong The Vietnamese dong (VND) is the current currency of Vietnam and replaced the use of the hao in 1978. Each hao, or hào, equaled one-tenth of a Vietnamese dông and was further divided into ten xus. Neither of which are in use in Vietnam. The Vietnam National Bank issued and circulated the hao and the
What Is a Donor-Advised Fund? A donor-advised fund is a private fund administered by a third party and created for the purpose of managing charitable donations on behalf of an organization, a family, or an individual. Key Takeaway Donor-advised funds are private funds for philanthropy.Donor-advised funds aggregate contributions from multiple donors and aim to democratize
What is a Doomsday Call? A doomsday call is a provision which allows the issuer to hedge against interest rate risk by redeeming the bond (paying back the principal and accrued interest) prior to maturity. Key Takeaways A doomsday call is a provision which allows the issuer to hedge against interest rate risk by redeeming the bond
What Is a Doorbuster? A doorbuster is a marketing and sales strategy retailers use to get a high volume of customers into their stores during opening hours. During a doorbuster sale, a particular item or a selection of items is offered at a special discount price for a limited time. The aim is to get
What Is a Dormancy Fee? A dormancy fee was a penalty charged by a credit card issuer to a cardholder’s account for not using the card for a certain period of time. Dormancy fees, also called inactivity fees, are no longer allowed in the United States under the Credit CARD Act of 2009. However, credit card issuers are
What Is a Dormant Account? A dormant account is an account that has had no financial activity for a long period of time, except for the posting of interest. Financial institutions are required by state laws to transfer resources held in dormant accounts to the state’s treasury after the accounts have been dormant for a
What Is Dividend Signaling? Dividend signaling is a theory that suggests that a company’s announcement of an increase in dividend payouts is an indication of positive future prospects. The theory is tied to concepts in game theory: Managers with positive investment potential are more likely to signal, while those without such prospects refrain. Although the concept of dividend
What Is the Dividend Tax Credit? The dividend tax credit is the amount that a Canadian resident applies against his or her tax liability on the grossed-up portion of dividends received from Canadian corporations. The gross-up and the dividend tax credit are applicable to individuals, not corporations. Key Takeaways Canadian residents apply for dividend tax
