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Edge Act corporation |
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Edge Act corporationCorporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries. Named after Senator Walter Edge of New Jersey, who sponsored the original legislation to permit formation of such organizations. See also: agreement corporation.Edge Act corporation Similar MatchesArticles of incorporationArticles of incorporationIn the US, the document which the founders of a corporation submit to the relevant state for approval after which a certificate of incorporation is issued. These two documents form the corporation's charter which endorses its legality. Information listed in the charter includes the name of the corporation, purpose, number of authorised shares and details of directors. The rules under which the corporation's internal management operates are listed in the bylaws. Advance corporation taxAdvance corporation taxTax payable by companies on dividend payments up to 5th April 1999 which was offset against the company's mainstream corporation tax liability. 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. Edge corporationsEdge corporationsSpecialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not subject to restrictions on interstate banking. Foreign banks operating in the US are permitted to organize and own an edge corporation. Domestic International Sales Corporation (DISC)Domestic International Sales Corporation (DISC)A US corporation that receives a tax incentive for export activities. Further SuggestionsTransnational corporationPension Benefit Guaranty Corporation Options Clearing Corporation Possessions corporation Multinational corporation Incorporation Foreign Sales Corporation (FSC) National Association of Investors Corporation Securities Investor Protection Corporation Quasi public corporation Alien corporation Federal Home Loan Mortgage Corporation (FHLMC) Resolution Funding Corporation (RefCorp) Financing Corporation (FICO) National Securities Clearing Corporation (NSCC) S Corporation Private Export Funding Corporation (PEFCO) closely held corporation Eleemosynary Corporation Foreign corporation National Securities Clearing Corporation Domestic corporation Federal Deposit Insurance Corporation Securities Industry Automation Corporation Clearing corporations |
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