franking
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
Law noun
The attaching of a credit to a dividend to reflect corporation tax already paid on the underlying profits.
The franking attached to the distribution shielded resident shareholders from a second layer of tax.
Business noun
The attaching of tax credits to a dividend so shareholders are not taxed twice on the same profit.
Australian investors prized the fully franked dividend because the franking offset their own tax liability.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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