What Is Seasonal Adjustment? A seasonal adjustment is a statistical technique designed to even out periodic swings in statistics or movements in supply and demand related to changing seasons. It can, therefore, eliminate misleading seasonal components of an economic time series. Seasonal adjustment is a method of data-smoothing that is used to predict economic performance
Seasonal Credit: An Overview Seasonal credit is a flexible credit arrangement that allows a business to pay its expenses consistently despite extreme fluctuations in revenue from month to month. Seasonal credit is usually approved as a line of credit and is later classified as revolving credit. That is, the credit line remains open long term
What Is a Seasoned Issue? A seasoned issue is an issue of additional securities from an established company whose securities already trade in the secondary market. A seasoned issue is also known as a seasoned equity offering or follow-on public offering (FPO). New shares issued by blue-chip companies are considered seasoned issues. Outstanding bonds trading
What Is Seasoning? Seasoning refers to the amount of time that has passed since a debt security has been issued and available to be publicly traded. Seasoning helps determine if a premium or discount should be made for the bond in the secondary market. A debt security will often be called “unseasoned” if it has
What Is a Seat? A seat refers to membership on a stock exchange, which enables a person to trade on the floor of the exchange either as an agent for someone else, called a floor broker, or for their own personal account, called a floor trader. In the finance industry, owning a seat on an exchange
What Is the Securities and Exchange Commission (SEC)? The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of the securities markets. The SEC
What Is a Section 1035 Exchange? A 1035 exchange is a provision in the Internal Revenue Service (IRS) code allowing for a tax-free transfer of an existing annuity contract, life insurance policy, long-term care product, or endowment for another one of like kind. To qualify for a Section 1035 exchange, the contract or policy owner
What Is the Self-Employed Contributions Act (SECA) Tax? The Self-Employed Contributions Act (SECA) tax is a levy from the U.S. government on those who work for themselves, rather than for an outside company. It requires self-employed workers to contribute tax equivalent to both the employer and employee portions of the Federal Insurance Contributions Act (FICA)
What Is the SEC Fee? The SEC fee is a nominal fee attached to the sale of exchange-listed equities, above and beyond any associated brokerage commissions, which may ultimately be absorbed by investors. The SEC fee is defined in Section 31 of the Securities Exchange Act of 1934 and is thus often referred to as
What Is SEC Form 10? SEC Form 10 is a filing with the Securities and Exchange Commission (SEC), also known as the General Form for Registration of Securities. It is used to register a class of securities for potential trading on U.S. exchanges. Any company with over $10 million in total assets and 750 or more shareholders
