Business / Taxes / Toehold Purchase: A toehold purchase is one in which an individual investor or investment firm caps holdings in a potential target company at less than 5% of the company’s outstanding stock. Presumably that’s because once an investor has acquired 5% or more of the stock, the investor must notify the company, the market where the company is listed, and the Securities and Exchange Commission (SEC). That notification must explain the next steps the investor intends to take, such as a possible takeover bid.
Purchase Noun Synonyms: buy, acquire, procure, obtain, get, secure, pay for
Purchase Verb Synonyms: buy, acquisition
Business / Accounting / Purchase Returns And Allowances: A contra-purchase account used for recording the return of, or allowances for, previously purchased merchandise. MORE
Business / Finance / Purchase-Money Mortgage: A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. MORE