Tag: PU
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Public Goods
Description and Definition of Public Goods and Services Tax money is used for a variety of public goods and services that are all available for use by the public. Some examples of public goods are national defense, street lights, and roads and highways. Public services include welfare […]
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Public Laws
Public Laws Public Laws Most Public and Private Laws are available on the American Encyclopedia of Law. Many of them are also in the U.S. Code Portal. They also can be found on the following external site(s): Public and Private Laws on GPO Access, The U.S. Government Printing Office
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Punitive Damages
About Punitive Damages: compensation in excess of actual damages that is a form of punishment to the wrongdoer and of reparation to the injured. Monetary compensation awarded to an injured party as punishment to the defendant. Punitive damages are awarded only in rare instances of malicious and will…
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Public Policy
Relating to Public Policy: no tax deduction is allowed for fines or penalties paid to government officials in violation of public policy. See Fiscal Policy in the United States Encyclopedia and Fiscal Policy World …
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Publicly Held Corporation
Publicly Held Corporation means:a business entity (like a corporation or company) that has a class of common stock registered on a national stock exchange. It is a US concept. Each of the top five executives of a publicly held corporation is limited to $ 1 million deductible compensation each. S…
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Put Option
Put Option means:a contract or agreement that grants the right to sell at a specified price a specific number of shares by a certain date. Contract under which the holder of the option has a right but not an obligation to sell securities or commodities, including foreign currencies, for a specif…
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Publicly Traded Partnership
Publicly Traded Partnership means:a limited partnership (called PTP) formed under state partnership law where limited partnership interests are publicly traded on an established exchange or “over the counter”; also called a master limited partnership. Registration of interests in PTPs is require…
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Purchase
Purchase means:an acquisition that is bought, as contrasted with an exchange, gift, or inheritance. Generally the purchase price serves as the original cost basis….
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Public Charity
Public Charity means:an organization that draws its support from a broad base within the community, along with schools, churches, and hospitals. More generous contribution limitations apply to donors. Generally, aggregate income from the 4 previous years must be received from individual contribu…