Ted English is an American businessman in the retail and wholesale industries. English is chair of Bob’s Discount Furniture, an American furniture chain. He served as the company’s chief executive officer (CEO) between 2006 and 2016. Prior to this, English headed TJX Companies as its CEO between 2000 and 2005, when he helped increase the
What Is the TED Spread? The TED spread is the difference between the three-month Treasury bill and the three-month LIBOR based in U.S. dollars. To put it another way, the TED spread is the difference between the interest rate on short-term U.S. government debt and the interest rate on interbank loans. TED is an acronym
What Is the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA)? The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) is a law passed in 1982 that was designed to reduce the federal budget deficit through a combination of tax increases, spending cuts, and tax reform measures. The legislation reversed some elements of
What Is Telecom Arbitrage? Telecom arbitrage is a strategy where telecommunications companies provide long-distance access numbers, attracting customers looking for lower costs when dialing internationally by routing calls through a third country. These companies gain profits through interconnect fees. Telecom arbitrage is often considered to be a fraudulent activity that exploits differences in long-distance rates between countries
What Is the Telecommunications Consumer Protection Act of 1991 (TCPA)? The Telecommunications Consumer Protection Act of 1991 (TCPA) is a U.S. law created in response to consumer concerns about telemarketing. The act sets guidelines for telemarketing practices, places greater restrictions on the use of automated telephone equipment, and requires that entities making telephone solicitations maintain do-not-call lists. The
What Is Telemarketing? Telemarketing is the direct marketing of goods or services to potential customers over the telephone, internet, or fax. Telemarketing may either be carried out by telemarketers or increasingly by automated telephone calls or “robocalls.” The intrusive nature of telemarketing, as well as reports of scams and fraud perpetrated over the telephone, has
What is Telephone Bond? Telephone bonds are debt securities, so named because they were issued by early telephone companies to raise funds for capital expenditures. Key Takeaways Telephone bonds are debt securities, so named because they were issued by early telephone companies to raise funds for capital expenditures.Prior to 1984 telephone bonds promised a safe
What Is a Tax Lien Foreclosure? Tax lien foreclosure is the sale of a property resulting from the property owner’s failure to pay their tax liabilities. A tax lien foreclosure occurs when the property owner has not paid the required taxes, including property taxes and federal and state income taxes. Key Takeaways If a property
What Is a Tax Loss Carryforward? A tax loss carryforward (or carryover) is a provision that allows a taxpayer to move a tax loss to future years to offset a profit. The tax loss carryforward can be claimed by an individual or a business to reduce any future tax payments. Key Takeaways: A tax loss carryforward
What Is Tax Lot Accounting? Tax lot accounting is a record-keeping technique that traces the dates of purchase and sale, cost basis, and transaction size for each security in your portfolio, even if you make more than one trade in the same security. Breaking Down Tax Lot Accounting Shares purchased in a single transaction are
