KB Entity Types

Definition: An Issuer is an entity (not a human or natural person), such as a corporation, trust, or government, that develops, registers, and sells securities. … Read More »Issuer

Definition: A hybrid entity is an entity that is considered to be a pass-through entity for U.S. tax purposes and a taxable corporate entity (association) in the… Read More »Hybrid Entities

Definition: The green card test considers a person to be resident for U.S. federal tax purposes if he or she is a Lawful Permanent Resident… Read More »Green Card Test

Definition: A non-US (foreign) person is not a US citizen or US resident alien.  Generally, a non-US person includes the following: Nonresident alien individual Non-US (foreign) Corporation Partnership… Read More »Non-US Person

Definition: A merchant acquiring entity is the bank or other organization which has the contractual obligation to make payment to participating payees in settlement of payment card… Read More »Merchant Acquiring Entity

Definition: One of the results of the elective nature of the CTB regulations is that a foreign entity may be treated differently for U.S. tax… Read More »Reverse Hybrid Entities

Definition: Related persons is any of the following: Members of a family, including only brothers, sisters, half brothers, half sisters, spouse, ancestors (parents, grandparents, etc.),… Read More »Related Persons

Definition: A Regulated Investment Company is any domestic corporation that: Is registered throughout the tax year as a management company or unit investment trust under… Read More »Regulated Investment Companies

Definition: An entity recognized for US tax purposes. Example:  An LLC owned by one person can elect (for US tax purposes) to disregard the LLC… Read More »Regarded Entity

Definition A financial asset securitization investment trust (FASIT) is an entity that securitizes debt obligations such as credit card receivables, home equity loans, and automobile… Read More »Financial Asset Securitization Investment Trusts