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Closed corporation |
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Closed corporationA corporation whose shares are owned by just a few people, having no public market.Closed corporation Similar MatchesFreddie Mac (Federal Home Loan Mortgage Corporation)Freddie Mac (Federal Home Loan Mortgage Corporation)A Congressionally chartered corporation that purchases residential mortgages in the secondary market from S&Ls, banks, and mortgage bankers and securities these mortgages for sale in the capital markets. Corporation taxCorporation taxA tax payable by a company on its profits. The full rate is 30%, but there is a lower rate for small companies. Instinet (Institutional Networks Corporation)Instinet (Institutional Networks Corporation)Computerized subscriber service that serves as a vehicle for the fourth market. "Instinet" is registered with the SEC As a stock exchange it numbers among its subscribers a large number of mutual funds and other institutional investors linked to each other by computer terminals. The system permits subscribers to display bids and offers (which are exposed system wide for whatever length of time the initiating party specifies) and to consummate trades electronically. Instinet is largely used by market makers, but, nonmarket makers and customers have equal access. Foreign Sales Corporation (FSC)Foreign Sales Corporation (FSC)A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods. National Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. Further SuggestionsSecurities Industry Automation CorporationResolution Trust Corporation (RTC) Commodity Credit Corporation Edge Act corporation Domestic International Sales Corporation Quasi public corporation Multinational corporation (MNC) Articles of incorporation Shell corporation Possessions corporation Pension Benefit Guaranty Corporation (PBGC) Pension Benefit Guaranty Corporation Transnational corporation International Finance Corporation (IFC) advance corporation tax Private Export Funding Corporation (PEFCO) Foreign corporation articles of incorporation S Corporation Clearing corporations Affiliated corporation Section 352 of the Income and Corporation Taxes Act 1988 Domestic corporation closely held corporation Federal Agricultural Mortgage Corporation (Farmer Mac) |
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