1. ICC Authorized or Regulated Motor Carriers: A carrier licensed and regulated by the Interstate Commerce Commission to carry freight. With deregulation, the meaning of this term is historical
2. income statement (statement of earnings): The financial statement that summarizes the revenues generated and the expenses incurred by an entity during a period of time.
3. income taxes payable: The amount expected to be paid to the federal and state governments based on the income before taxes reported on the income statement.
4. incorporation: A legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.
5. inflation: An increase in the general price level of goods and services; alternatively, a decrease in the purchasing power of the dollar.
6. Initial public offering (IPO) A company's first sale of stock to the public. Securities offered in an IPO are often, but not always, those of young, small companies seeking outside equity capital and a public market for their stock. Investors purchasing stock in IPO's generally must be prepared to accept considerable risks for the possibility of large gains. IPO's by investment companies (closed-end funds) usually ...
7. insider: These are directors and senior officers of a corporation or anyone who has access to inside or confidential information about a company. An insider also is someone who owns more than 10% of the voting shares of a company.
8. intangible asset: A legal claim to some future benefit, typically a claim to future cash, goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.
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