RIC

RIC
USA
An US investment company that meets certain tax requirements regarding its assets, income and distributions. Mutual funds and closed-end investment companies typically are classified as RICs. Generally, a RIC must:
• Meet an asset diversification test.
• Derive at least 90% of its income from investment activities.
• Annually distribute at least 90% of this income to its stockholders.
RICs are not subject to an entity level tax on income from investment activities that it distributes to its stockholders. Instead, this income passes through to the RIC stockholders who include their share of these items on their individual income tax returns.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Ricœur —   [ri kœːr], Paul, französischer Philosoph, * Valence 27. 2. 1913; ab 1948 Professor in Straßburg, dann in Paris (1956 78), gleichzeitig in Chicago (Illinois); Hauptvertreter einer hermeneutischen Phänomenologie, in der sich die Beschreibung der… …   Universal-Lexikon

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