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Excise duties
Excise dutiesTaxes raised on certain products, particularly tobacco and alcoholic drinks. SIMILAR TERMS-------------------------------------- Excise tax Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol. PREVIOUS AND NEXT TERMS-------------------------------------- Exchange Traded Funds (ETF) Similar to an index mutual fund, these tracking stocks trade continuously. Exchange, The A nickname for the New York Stock Exchange. Also known as the Big Board, where more than 2000 common and preferred stocks are traded. Exchangeable Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Exchangeable instrument Applies mainly to convertible securities. Bond or preferred stock that may be exchangeable into the common stock of a different public corporation. Exchangeable security Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument. Excise duties Excise tax Federal or state tax placed on the sale or manufacture of a commodity, typically a luxury item e.g., alcohol. Exclusionary self-tender A firm's offer to buy a given amount of its own stock while excluding targeted stockholders. Exclusive In the context of general equities, having sole possession of the customer order-indication; not in competition with other dealers. Execution The process of completing an order to buy or sell securities. Once a trade is executed, it is reported by a Confirmation Report; settlement (payment and transfer of ownership) occurs in the U.S. between one (mutual funds) and three (stocks) days after an order is executed. Execution costs The difference between the execution price of a security and the price that would have existed in the absence of a trade. We thank you for using the Financial Dictionary to search for Excise duties. If you have a better definition for Excise duties than the one presented here, please let us know by making use of the suggest a term option. This definition of Excise duties may be disputed by other professionals. Our attempt is to provide easy definitions on Excise duties and any other medical topic for the public at large.
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