glossary

Underwriting Commission

Underwriting commission is the fee paid to underwriters for agreeing to subscribe to any shares or securities not taken up by the public during an issue. It is a cost connected with raising capital. The accounting treatment depends on the nature of the issue and the applicable reporting rules.

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Utility Expense

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Usury

Usury refers to charging excessively high or unfair interest on loans beyond what is legally or ethically acceptable. Many jurisdictions regulate or prohibit usurious...

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