Duty and Hybrid: Difference between pages

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imported>Doug Williamson
(Expand definitions: Source: Oxford English Dictionary.)
 
imported>Doug Williamson
m (Category added 9/10/13 and spacing)
 
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1. ''Tax.''
A term used to describe a financial instrument which displays characteristics of both debt and equity.


A tax levied on certain transactions rather than on profits or on income.
Such instruments might be designed to be an intermediate (or mezzanine) category of capital between equity and debt, or to have some of the risk absorbing characteristics of equity and, ideally, the tax efficiency of debt.


Duties include: import duties, excise duties, stamp duty and stamp duty land tax.


== See also ==
* [[Convertible debt]]
* [[Mezzanine]]
* [[Warrant]]


2. ''Law and ethics.''
[[Category:Long_term_funding]]
 
A moral or legal obligation or responsibility.
 
 
==See also==
* [[Customs duty]]
* [[Duty of care]]
* [[European Customs Union]]
* [[Fiduciary duty]]
* [[Smuggling]]
* [[Stamp duty]]
* [[Stamp duty land tax]]
* [[Statutory duty]]
* [[Tariff]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 09:18, 9 October 2013

A term used to describe a financial instrument which displays characteristics of both debt and equity.

Such instruments might be designed to be an intermediate (or mezzanine) category of capital between equity and debt, or to have some of the risk absorbing characteristics of equity and, ideally, the tax efficiency of debt.


See also

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