Equity Forward Contract In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

In equity sharing both parties benefit from the relationship. Equity sharing, also known as housing equity partnership (HEP), gives a person the opportunity to purchase a home even if he cannot afford a mortgage on the whole of the current value. Often the remaining share is held by the house builder, property owner or a housing association. Both parties receive tax benefits. Another advantage is the return on investment for the investor, while for the occupier a home becomes readily available even when funds are insufficient.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

About Fairfax Financial Fairfax was founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa.

Watsa, directly, and indirectly through 1109519 Ontario Limited, The Sixty Two Investment Company Limited and 810679 Ontario Ltd., owns the controlling equity voting interest of Fairfax Financial Holdings Limited ("Fairfax").

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fairfax Financial in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FFH shares.

Prem Watsa CM (born 5 August 1950) is an Indian-Canadian billionaire businessman who is the founder, chairman, and chief executive of Fairfax Financial Holdings, based in Toronto.

Record a forward contract on the contract date on the balance sheet from the seller's perspective. On the liability side of the equation, you would credit the Asset Obligation for the spot rate. Then, on the asset side of the equation, you would debit the Asset Receivable for the forward rate.

Forward Contracts can broadly be classified as 'Fixed Date Forward Contracts' and 'Option Forward Contracts'. In Fixed Date Forward Contracts, the buying/selling of foreign exchange takes place at a specified future date i.e. a fixed maturity date.

The forwards vs. futures distinction lies in their trading methods, as forwards are traded over the counter while futures are traded on an exchange. Futures contracts are traded on exchanges and are standardized and regulated.

Equity Contract means a contract which is valued on the basis of the value of underlying equities or equity indices and includes related derivative contracts.

When are my real estate taxes due? Real estate taxes are due in two equal installments. The due dates are July 28 and December 5 each year.

The tax period for the first half of real estate taxes is from January 1 to June 30. The tax period for the second half of personal property taxes is from July 1 to December 31. The second half of business tangible personal property taxes are due on October 5. The second half of real estate taxes are due on December 5.

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Equity Forward Contract In Fairfax