During 2003 and thereafter, the segment tax is adjusted by the cost of living index determined under IRC ยง 1(f)(3). The segment tax is imposed when the payment is made even if the actual flight takes place at a later date.
CPI (Consumer Price Index)
A measure of price changes in consumer goods--also known as the "cost of living index." The index is calculated monthly by the US Bureau of Labor Statistics. Some CPI components are food, housing costs and transportation.
CONSUMER PRICE INDEX (CPI) " A measure of prices of consumer goods. Also known as cost of living index. See: Inflation, Deflation.
CONVERSION PRICE " The price stated in the indenture at which the convertible bond may be converted.
Because the CPI includes things consumers buy regularly, it is frequently called the cost of living index, The so-called market basket, covered by the index, includes items such as food, clothing, automobiles, homes, and fees to doctors.
It is calculated in urban areas and provides a fairly good look at how much inflation has occurred in the country. This type of index is widely used and similar in most ways to a cost of living index.
The CPI is also called the cost of living index. Convertible Bond A bond that can be exchanges at the option of the holder into preferred or common stock at a preset ratio.
 See also: Deflation, Consumer goods, Expense, Career, Secured debt
  
|
RSS
