The anti-diversion clause is a U.S. government regulation that prohibits exported goods from being shipped to unapproved destinations. The Bureau of Industry and Security under the Department of Commerce requires commercially exported goods to be accompanied by a destination control statement. This document states that the goods are only authorized for export to certain locations
What Is an Anti-Dumping Duty? An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company exports a product at a price that is significantly lower than the price it normally charges in its home
What Is an Anti-Greenmail Provision? An anti-greenmail provision is a special clause in a company’s corporate charter that prevents its board of directors from approving greenmail payments. Greenmail is when a company pays a premium to buy back the shares of an unwanted party that is attempting a hostile takeover. Greenmail payments leave shareholders worse off because they use
What Is an Anti-Indemnity Statute? An anti-indemnity statute is a law defining how much risk can be transferred between parties in a contract and is oftentimes used in construction contracts. Key Takeaways An anti-indemnity statute is a law defining how much risk can be transferred between parties in a contract and is oftentimes used in construction contracts.An
What Is the Anti-Martingale System? The anti-Martingale, or reverse Martingale, system is a trading methodology that involves halving a bet each time there is a trade loss and doubling it each time there is a gain. This technique is the opposite of the Martingale system, whereby a trader (or gambler) doubles down on a losing
What Is an Anti-Takeover Measure? An anti-takeover measure is any action that is taken on a continual or sporadic basis by a firm’s management to prevent or deter unwanted takeovers by another firm or group of investors. The attempts of an acquiring company are usually known as a hostile takeover, as it is unwanted by
What Is Antitrust? Antitrust laws are regulations that encourage competition by limiting the market power of any particular firm. This often involves ensuring that mergers and acquisitions don’t overly concentrate market power or form monopolies, as well as breaking up firms that have become monopolies. Antitrust laws also prevent multiple firms from colluding or forming
What Is an Any-Occupation Policy? An any-occupation policy is a type of disability insurance that categorizes the kind of work for coverage purposes. Any-occupation coverage provides for when the insured is unable to work in a job that is reasonably suitable for them based on their education, experience, and age. An any-occupation policy terminology, as
What Is an Asset-or-Nothing Put Option? An asset-or-nothing put option provides a fixed payoff if the price of the underlying asset is below the strike price on the option’s expiration date. If instead it is above the strike price, then the option expires worthless. Asset-or-nothing put options are a type of binary option, which are
What Is an APB Opinion? An APB opinion is an authoritative pronouncement issued by the Accounting Principles Board (APB). The board gave official opinions on various accounting issues that required clarification or interpretation. The APB listed 31 separate opinions during its existence. The American Institute of Certified Public Accountants (AICPA) created the APB in 1959
