Outrageously Funny Word Dictionary :: Tipstocks

👉 A tipstock is a type of stock that is used to store cash or other financial assets in order to avoid paying taxes on those assets. Tipstocks are typically used by investors who want to avoid paying taxes on their investments, but still receive the benefits of owning shares in companies that pay dividends. Tipstocks can be purchased at a discount from the face value of the stock and are often sold at a higher price when they expire or are redeemed.

tipstocks