What Is the French Franc (F)? The French franc (F) was the national currency of France prior to France’s adoption of the euro (EUR) in January 2002. Prior to its replacement by the EUR, the franc was administered by the Bank of France and was comprised of 100 subunits, or ‘centimes.’ The franc was available
What Is a Franchise Tax? The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or to operate within that state. Companies in some states may also be liable for the
What Is a Franchise Cover? A franchise cover is a reinsurance plan whereby the claims from several policies are aggregated to form a reinsurance claim. Franchise covers are also known as loss trigger covers. Other types of non-proportional reinsurance with aggregate covers are aggregate stop-loss reinsurance and catastrophe covers. Key Takeaways: A franchise cover, or
What Is a Franchise Disclosure Document (FDD)? The franchise disclosure document (FDD) is a legal disclosure document that must be given to individuals interested in buying a U.S. franchise as part of the pre-sale due diligence process. The document contains information essential to potential franchisees about to make a significant investment. The FDD was previously
What Is Form 8689: Allocation of Individual Income Tax to the U.S. Virgin Islands? Form 8689 is a tax form distributed by the Internal Revenue Service (IRS) for use by U.S. citizens and resident aliens who earned income from sources in the U.S. Virgin Islands (USVI) but are not bona fide residents. The U.S. Virgin
What Is Form 8857: Request for Innocent Spouse Relief? Form 8857: Request for Innocent Spouse Relief is an Internal Revenue Service (IRS) tax form used by taxpayers to request relief from a tax liability involving a spouse or former spouse. Generally, couples filing a joint tax return are both, jointly, responsible for any tax obligation.
What Is IRS Form 8949? Form 8949: Sales and Other Dispositions of Capital Assets is an Internal Revenue Service (IRS) form used to report capital gains and losses from investments. Form 8949 is used by individuals as well as partnerships, corporations, trusts, and estates. Taxpayers must report short- and long-term capital gains and losses from
What Is For Sale by Owner (FSBO)? “For sale by owner” (FSBO) indicates that a property is being offered for sale directly by the owner rather than through the services of a real estate agent or broker. Some sellers choose this option to avoid paying the real estate agent a commission on the sale. The
What Is the Fortune 100? The Fortune 100 is a list of the top 100 companies in the United States within the Fortune 500, a list of the 500 largest U.S. public and privately held companies published by Fortune magazine. Fortune creates the list by ranking public and private companies that report annual revenue figures
What Is the Fortune 1000? The Fortune 1000 is an annual list of the 1000 largest American companies maintained by the popular magazine Fortune. Fortune ranks the eligible companies by revenue generated from core operations, discounted operations, and consolidated subsidiaries. Since revenue is the basis for inclusion, every company is authorized to operate in the United States and
