Home > Term: affidavit
affidavit
Sworn or affirmed written statement to authenticate a claim, especially in securities trading, e.g. regarding the origin and ownership of securities. Statement issued by banks to non-resident holders of certain securities for the purpose of obtaining an exemption from Swiss tax on these securities, as they are already taxed in the holder's country of residence.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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