Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
deeply discounted securities — Securities where the amount payable on redemption (A) exceeds (or may exceed) the issue price by more than A x 0.5% x Y, where Y is the lower of 30 and the number of years between issue and redemption (section 430, Income Tax (Trading and Other… … Law dictionary
discounted — UK US /dɪsˈkaʊntɪd/ US /ˈdɪskaʊntɪd/ adjective (also discount) ► COMMERCE cheaper than usual: »There are many websites that sell designer brands at discounted prices. deeply/heavily/steeply discounted » All our merchandise is heavily discounted … Financial and business terms
Securities offering — A securities offering (or funding round or investment round) is a discrete round of investment, by which a business or other enterprise raises money to fund operations, expansion, a capital project, an acquisition, or some other business… … Wikipedia
excluded indexed securities — Securities which would have been deeply discounted securities (because the redemption amount could exceed the subscription amount by the required amount) but which are generally taken out of the deeply discounted security regime because the… … Law dictionary
deep gain securities — The rules relating to deep gain securities were repealed and rewritten by the Income Tax (Trading and Other Income) Act 2005 with effect from 6 April 2005 and are now contained in the rules relating to deeply discounted securities. Prior to 6… … Law dictionary
gilt-edged securities — Known as gilts. UK government bonds. They are a form of long term government borrowing. Gilts usually have a fixed term and pay a fixed level of interest. Their value varies inversely with changes in the interest rates. Gilts are always redeemed… … Law dictionary
qualifying corporate bond — (QCB) Debt securities that are exempt from tax on chargeable gains so that a disposal does not give rise to any chargeable gain or allowable loss for the purposes of capital gains tax. For corporation tax purposes as regards disposals after 31… … Law dictionary
QCB — (QCB) Debt securities that are exempt from tax on chargeable gains so that a disposal does not give rise to any chargeable gain or allowable loss for the purposes of capital gains tax. For corporation tax purposes as regards disposals after 31… … Law dictionary
deep gain — The rules relating to deep gains were repealed and rewritten by the Income Tax (Trading and Other Income) Act 2005 with effect from 6 April 2005 and are now contained in the rules relating to deeply discounted securities. Prior to 6 April 2005, a … Law dictionary
Rational pricing — is the assumption in financial economics that asset prices (and hence asset pricing models) will reflect the arbitrage free price of the asset as any deviation from this price will be arbitraged away . This assumption is useful in pricing fixed… … Wikipedia
