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Pay to play
Pay to playAttempts by municipal bond underwriting businesses to gain influence with political officials who decide which underwriters are awarded the municipality's business. RELATED TERMS-------------------------------------- Bond Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder. Underwriting A bank or other financial institution's guarantee to a company that it will buy a certain number of shares in a company's new issue or rights issue, should the issue not be fully subscribed by other investors. Gain The amount chargeable to capital gains tax (CGT) from gains made on the disposal of an asset. SIMILAR TERMS-------------------------------------- Pay as you go basis A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS. Pay differentials Differences between wage rates paid to different classes of workers, depending on their skills, the danger of the job, etc. Pay scales The different rates of pay established for different categories of worker. Pay up The loss of cash resulting from a swap into higher-priced bonds or the need-willingness of a bank or other borrower to pay a higher rate of interest to get funds. PREVIOUS AND NEXT TERMS-------------------------------------- Pattern day trader An SEC designation for traders who make four or more trades (buys and sells) in a particular security in a single day over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period. Pay Money earned by employees for work performed, in the form of wages or salary. Pay as you go basis A method of paying income tax in which the employer deducts a portion of an employee's monthly salary to remit to the IRS. Pay differentials Differences between wage rates paid to different classes of workers, depending on their skills, the danger of the job, etc. Pay scales The different rates of pay established for different categories of worker. Pay to play Pay up The loss of cash resulting from a swap into higher-priced bonds or the need-willingness of a bank or other borrower to pay a higher rate of interest to get funds. Payable date The date when dividends or capital gains are paid to shareholders or reinvested in additional shares. Payable through drafts A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. Payback period The length of time required to recover the cost of an investment. We thank you for using the Financial Dictionary to search for Pay to play. If you have a better definition for Pay to play than the one presented here, please let us know by making use of the suggest a term option. This definition of Pay to play may be disputed by other professionals. Our attempt is to provide easy definitions on Pay to play and any other medical topic for the public at large.
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