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National Securities Clearing Corporation (NSCC) |
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National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.National Securities Clearing Corporation (NSCC) Similar MatchesCorporationCorporationA legal entity that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things. Foreign Sales CorporationForeign Sales CorporationRefers to a provision of the U.S. tax code that grants income-tax rebates to American exporters if they form what may be a largely artificial foreign subsidiary called an FSC. This has been the subject of a trade dispute with the EU which complained to the WTO that this constitutes an illegal export subsidy. Eleemosynary CorporationEleemosynary CorporationA corporation created for charitable purposes. There are tax advantages accorded to such corporations. The corporation may operate the same as a profit making corporation. Commonly called a nonprofit corporation. IncorporationIncorporationA legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation. Freddie 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. Further SuggestionsSection 352 of the Income and Corporation Taxes Act 1988Domestic International Sales Corporation closely held corporation Foreign Sales Corporation (FSC) Domestic International Sales Corporation (DISC) Options Clearing Corporation Multinational corporation (MNC) Controlled foreign corporation (CFC) National Association of Investors Corporation Federal Agricultural Mortgage Corporation (Farmer Mac) Commodity Credit Corporation Resolution Trust Corporation (RTC) advance corporation tax Edge corporations Closed corporation Mortgage Backed Securities Clearing Corporation (MBSCC) Shell corporation Multinational corporation Possessions corporation Securities Investor Protection Corporation Affiliated corporation National Securities Clearing Corporation Clearing corporations Pension Benefit Guaranty Corporation (PBGC) Federal Home Loan Mortgage Corporation (FHLMC) |
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