RIC

RIC
USA
An US investment company that meets certain tax requirements regarding its assets, income and distributions. Mutual funds and closed-end investment companies typically are classified as RICs. Generally, a RIC must:
• Meet an asset diversification test.
• Derive at least 90% of its income from investment activities.
• Annually distribute at least 90% of this income to its stockholders.
RICs are not subject to an entity level tax on income from investment activities that it distributes to its stockholders. Instead, this income passes through to the RIC stockholders who include their share of these items on their individual income tax returns.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • RICŒUR (P.) — RICŒUR PAUL (1913 ) Philosophe et universitaire français, Paul Ricœur fut prisonnier de guerre de 1940 à 1945, puis attaché de recherches au C.N.R.S. jusqu’en 1948, année où il succéda à J. Hyppolite à l’université de Strasbourg. En 1956, il… …   Encyclopédie Universelle

  • ric — Ric, Coupper tout ric à ric, Praesecare. Prendre ric à ric, Ad viuum resecare, B …   Thresor de la langue françoyse

  • RIC — may refer to:Rohingya of Araka,Burma* A pseudonym Akira Yamaoka created for composing musicRIC may stand for: * Radio Identity Code * Rapid Intervention Crew a firefighting procedure * Realtime Interface Coprocessor * Rehabilitation Institute of… …   Wikipedia

  • -ric — [AS r[=i]ce kingdom, dominion. See {Rich}.] A suffix signifying dominion, jurisdiction; as, bishopric, the district over which a bishop exercises authority. [1913 Webster] …   The Collaborative International Dictionary of English

  • Ricœur —   [ri kœːr], Paul, französischer Philosoph, * Valence 27. 2. 1913; ab 1948 Professor in Straßburg, dann in Paris (1956 78), gleichzeitig in Chicago (Illinois); Hauptvertreter einer hermeneutischen Phänomenologie, in der sich die Beschreibung der… …   Universal-Lexikon

  • -ric — [rik] 〚ME riche, ricke, realm, power < OE rice, reign, dominion: see REICH〛 combining form jurisdiction, realm * * * …   Universalium

  • ric — Mot Monosíl·lab Nom masculí …   Diccionari Català-Català

  • Ric — Nom catalan, équivalent du français riche ou ancien nom de personne (voir aussi Rich) …   Noms de famille

  • -ric — [rik] [ME riche, ricke, realm, power < OE rice, reign, dominion: see REICH] combining form jurisdiction, realm …   English World dictionary

  • RIC — (historical) abbrev Royal Irish Constabulary …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”