Also referred to as conduit theory, this is a theory that assumes investment firms shoulwd not be levied at a corporate level if they are passing all interest, dividends, and capital gains onto their shareholders or customers.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser