What Is a Delayed Draw Term Loan (DDTL) and How Does It Work?

What Is a Delayed Draw Term Loan? A delayed draw term loan (DDTL) is a special feature in a term loan that lets a borrower withdraw predefined amounts of a total pre-approved loan amount. The withdrawal periods—such as every three, six, or nine months—are also determined in advance. A DDTL is included as a provision…

Who Is Exempt From Paying Social Security Taxes?

Social Security is a U. S. federal program that provides recipients with benefits, including retirement and disability income, Medicare and Medicaidand death and survivorship. Social Security taxes are collected and used to disburse these benefits. Key Takeaways Certain religious groups qualify for Social Security tax exemption if they are recognized as being officially opposed to…

What are the advantages and disadvantages of capitalizing interest for tax purposes?

The advantages and disadvantages of capitalizing interest for tax purposes lie in a company’s ability to manage or manipulate both the period in which the capitalized interest is recognized as an expense on the income statement and by the way in which the capitalized interest is recognized on the income statement. Key Takeaways Capitalized interest…

Garmin Stock Breaks Out on Strong Earnings and Outlook

Garmin Ltd. (GRMN) shares rose more than 6% during Wednesday’s session after the company reported better-than-expected fourth quarter financial results. Revenue rose 18% to $1.1 billion, beating consensus estimates by $90 million, and non-GAAP net income reached $1.29 per share for the quarter, beating consensus estimates by 24 cents. Looking ahead, the company anticipates full-year…

Caleb Silver

Experience Caleb began his career producing wildlife documentaries in South America and the American southwest. His career in business news began at Bloomberg, where he worked as a senior television producer and was nominated for a 2003 Emmy Award. Caleb then joined CNN, serving as a Senior Producer for The Situation Room with Wolf Blitzer,…

Jeremy Zafiros

Summary Senior Compliance Manager for Investopedia Over 7 years experience in financial products compliance Juris Doctorate (J.D.) from Northern Illinois University College of Law Jeremy has spent his career working on regulatory compliance initiatives related to the financial products that you use every day. He has worked with dozens of brands like Nerdwallet, Credit Sesame, The Points Guy,…