Denni A private letter ruling (PLR) is a written statement issued to a taxpayer in response to a specific inquiry concerning how a tax law applies to the taxpayer’s particular set of facts. A PLR is binding on the IRS with respect to the taxpayer who requested it and cannot be used or cited as precedent … Read more
A focused fund is a type of mutual fund that invests in a narrow range of securities, usually within a single industry or sector. The goal of a focused fund is to achieve higher returns than a more diversified fund by investing in a smaller number of companies that the fund manager believes will outperform … Read more
The term “fade definition” refers to a type of trading strategy that involves short selling a security when it begins to decline in value, in the hope of profiting from a further decline. The strategy is often used by traders who believe that a security’s price has been artificially inflated and is due for a … Read more
