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If a bond or preferred stock issue was sold when interest rates were higher than at present, it may be profitable to call the old issue and refund it with a new, lower-cost issue.
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For $25,000 pool.com, a domain-auction company, will try to get its clients in the first batch (with a partial refund if it fails).
They sent it back for refund and ordered it again with the lower price, but were still out on the extra expenses.
Lucent Technologies said yesterday that a Congressional joint tax committee had given final approval to its refund agreement with the Internal Revenue Service.
Only one thing is certain: with "No refunds accepted," it will be up to the highest bidder to decide.
Mr. Suneson added that Next Generation, which started selling tuition refund insurance before it partnered with Sallie Mae, has already paid claims for people who were in this spot.
The settlement will refund investors with interest and include a $95 million fine — a relative pittance for a giant like Citigroup.
In the first quarter of last year, 14.7 percent of flights tracked by Yapta qualified for a refund, compared with 13.1 percent so far this year.
If the false information is caught after the refund has been made, the filer must usually repay the refund, along with stiff penalties and interest.
Before May hundreds of companies had filed refund claims with the IRS.
We find that the average bids in the refund group are higher than the average bids in the group without a refund, consistent with the theory.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com