Examlex
The net capital gain included in an individual taxpayer's AMT base is eligible for the lower tax rate on net capital gain. This favorable alternative rate applies both in calculating the regular income tax and the AMT.
Nominal Rate
The stated interest rate of a loan or investment, not taking into account the effect of compounding.
Semiannually
Referring to an occurrence or event happening twice a year.
Maturity Date
The particular date when the last payment of a loan, bond, or another financial instrument must be made.
Strip Bond
A Strip Bond is an investment vehicle created by separating a bond's periodic interest payments from its principal repayment obligation and selling each part as individual securities.
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