What Is an Abusive Tax Shelter? An abusive tax shelter is a type of illegal investment that claims to reduce the investor’s income tax liability without changing the value of the investor’s income or assets. Abusive tax shelters serve no economic purpose other than lowering the federal or state tax owed by the investor. Oftentimes
What Is the Abu Dhabi Investment Council (ADIC)? Abu Dhabi Investment Council (ADIC) is a sovereign wealth fund owned by the government of Abu Dhabi, the capital city of the United Arab Emirates (UAE). ADIC is wholly owned and administered by the UAE and is funded by revenues generated by the country’s oil industry. ADIC
What Is the Automated Customer Account Transfer Service (ACATS)? The Automated Customer Account Transfer Service (ACATS) is a system that facilitates the transfer of securities from one trading account to another at a different brokerage firm or bank. The National Securities Clearing Corporation (NSCC) developed the ACATS system, replacing the previous manual asset transfer system
What Are Accelerated Death Benefits? An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables the policyholder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. Many individuals who choose an accelerated death benefit have less than one
What Is an Accelerated Bookbuild? An accelerated bookbuild is a form of offering in the equity capital markets. It involves offering shares in a short time period, with little to no marketing. The bookbuild of the offering is done very quickly in one or two days. Underwriters may sometimes guarantee a minimum price and sale
What Is Accelerated Depreciation? Accelerated depreciation is any method of depreciation used for accounting or income tax purposes that allows greater depreciation expenses in the early years of the life of an asset. Accelerated depreciation methods, such as double-declining balance (DDB), means there will be higher depreciation expenses in the first few years and lower
What Is an Abbreviated New Drug Submission (ANDS)? An Abbreviated New Drug Submission (ANDS) is a written request to Health Canada to obtain marketing approval for a generic drug. An Abbreviated New Drug Submission must be approved by Health Canada, the country’s federal department in charge of national health care, under Canada’s Food and Drug Regulations, before
What Is Activity-Based Costing (ABC)? Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services. This accounting method of costing recognizes the relationship between costs, overhead activities, and manufactured products, assigning indirect costs to products less arbitrarily than traditional costing methods. However, some indirect costs, such as
What is Abenomics? Abenomics is the nickname for the economic policies set out for Japan in 2012 when prime minister Shinzo Abe came into power for a second time. Abenomics involved increasing the nation’s money supply, boosting government spending, and enacting reforms to make the Japanese economy more competitive. The Economist outlined the program as a “mix
What Is Abeyance? Abeyance is a situation in which the rightful owner of a property, office or title has not yet been decided. Key Takeaways Abeyance is when the rightful owner of a property or trust has not been decided or has not met the obligations required to inherit the property, such as age or
