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Tax differential view (of dividend policy) |
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Tax differential view (of dividend policy)The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends.Tax differential view (of dividend policy) Similar MatchesYield differential or pickupYield differential or pickupMainly applies to convertible securities. Graph showing the term structure of interest rates by plotting the yield of all bonds of the same quality with maturities ranging from the shortest to the longest available. Special and differential treatmentSpecial and differential treatmentThe GATT principle that developing countries be accorded special privileges, exempting them from some requirements of developed countries. It also permits tariff preferences among developing countries and by developed countries in favor of developing countries, as under the GSP. DifferentialDifferentialA small charge, typically 1/8 point, added to the purchase price and subtracted from the selling price by the dealer for odd-lot quantities. Differential swapDifferential swapSwap between two LIBOR rates of interest, e.g., yen LIBOR for dollar LIBOR Payments are in one currency. Forward differentialForward differentialAnnualized percentage difference between spot and forward rates. Further SuggestionsDifferential treatment |
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