Learn about the targeted amortization class (TAC), an investment tool offering prepayment protection by maintaining a fixed principal payment schedule for asset-backed securities.

Homeowners sitting on record equity are being courted by a new kind of deal that promises cash today with no monthly payments ...

Taxing a debenture waiver as revenue income was challenged. The Tribunal rejected the approach, holding the waiver arose from capital financing and not trading operations. The ruling confirms that ...

The issue was whether penalty could be imposed for disallowance arising from a disclosed change in lease rent accounting. The Tribunal held that a bona fide, disclosed and debatable claim cannot ...