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Investing Glossary:
Withholding
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Used in the context of securities, the illegal practice of a Public offering participant keeping some Shares in a private Account or with a family member, employee, or Dealer to Profit from the higher Market price of a Hot issue. Used in the context of taxes, the Withholding by an employer of a certain amount of an employee`s income in Order to Cover the employee`s tax liability. Also used to refer to the withholding by corporations and financial institutions of a Flat 10% of Interest and Dividend payments due to security holders.
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