field warehousing. An inventory-financing method by which a merchant pledges its inventory, which is in the possession of a third person (a warehouser). • This is a method of financing an inventory that cannot economically be delivered to the creditor or third party. The borrower segregates part of the inventory and places it under the […]
house duty 〈英〉房税 根据1851年《房税法》〔House Tax Act〕对住宅征收的代替窗户税〔window-duty〕的一种税，其征收额随着应税房屋的年价值和用途的不同而不同，该税已被1924年《财政法》〔Finance Act〕废除。 (→inhabited house duty)
Tax. Interest paid on debt that is secured by one’s home and that was incurred to purchase, build, improve, or refinance the home. • This type of interest is deductible from adjusted gross income. [Cases: Internal Revenue 3282. C.J.S. Internal Revenue § 286.]
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pyramiding. A speculative method used to finance a large purchase of stock or a controlling interest by pledging an investment’s unrealized profit. See LEVERAGE; MARGIN.
The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation’s assets. — Abbr. LBO. [Cases: Corporations 116. C.J.S. Corporations §§ 233–240, 242.]
commercial credit company. See commercial finance company under FINANCE COMPANY.
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refinancing, n. An exchange of an old debt for a new debt, as by negotiating a different interest rate or term or by repaying the existing loan with money acquired from a new loan. — refinance, vb.
inhabited house duty 〈英〉住房税 对达一定标准的住房所征收的税。该项税收为1924年的《财政法》〔Finance Act〕废除。
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