Cash flow that is available after the funding of all positive net present value (npv) capital investment projects; it is available for paying cash dividends, repurchasing common stock, retiring debt, and so on.
A hyphen that is used to control where a word or phrase breaks if it falls at the end of a line. for example, you can specify that the word nonprinting’ breaks as ‘non-printing’ rather than ‘nonprint-ing.”
A proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. see: ten-day rule
A grantor trust in which the trusteehas complete discretion as to who among the class of beneficiaries receivesincome and/or principal distributions. there are no limits upon the trusteeor it would cease to be a discretionary trust. the letter of wishes couldprovide some guidance to the trustee without having any legal and bindingeffects. provides flexibility to the trustee and the utmost privacy.
