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Tip of the Day

Tip of the Day Be Patient

Be Patient - Your friend has just gone out and bought a state of the art computer with all the bells and whistles and after looking at your slowpoke old...

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Phantom Stock Plan

Phantom Stock Plan - When a company wishes to encourage productivity in its employees, on effective way to accomplish it is to offer the employees a benefit plan that is similar in structure to share in the company without the company having to actually sell the shares. The arrangements and payouts would be similar to a deferred compensation plan, in that the employees would receive benefits if the stock performed well over a certain period of time. The incentive is thereby placed on the employees to do everything they can to help the company profit. The advantage to the employee is they won't lose their money and the advantage to the company is that it retains control of its stocks.

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Definition of the Day Mutilated Security

Mutilated Security - Mutilated Security is a damaged security that prevents a person from identifying the original issuer of the security or other necessary identifying information. If a seller is seeking to transfer the mutilated security, certain steps will have to ensure the buyer that the security is able to...

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