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International Organization for Standardization

A non-governmental organization that sets standard codes for countries and currencies. ISO sets the ISO 3166 codes for countries and provinces, which are used in international banking transactions and shipping. Likewise, it sets the ISO 4217 codes for individual currencies. ISO has its headquarters in Geneva, Switzerland, and, because its standards are usually adopted into the law of member states, it is more powerful than most other NGOs.

Incentive stock option (ISO).

Corporate executives may be granted incentive stock options (ISOs), also called qualifying stock options. These options aren't taxed when they're granted or exercised, but only when the underlying shares are sold.

If, after exercising the options, participating executives keep the shares for the required period, any earnings from selling the shares are taxed at the owner's long-term capital gains rate.

However, stock option transactions may make sellers vulnerable to the alternative minimum tax (AMT).


References in periodicals archive ?
Although NASA craft dominate the lineup, the European Space Agency (ESA) has several key launches, including one of its most costly space probes to date, the Infrared Space Observatory.
McMahon also plans to use the European Space Agency's Infrared Space Observatory, scheduled for launch in a year, to search for molecular gas emissions in the far infrared -- wavelengths not easily visible from the ground because Earth's atmosphere absorbs them.
The test series has been instigated by the European Space Agency (ESA), which was not responsible for IRAS but which is seeking experience in operating reprogrammble satellites such as its own planned Infrared Space Observatory.
ESA's Infrared Space Observatory, scheduled for launch later this year, has an anticipated lifetime of only 18 months.
But he views the finding differently, looking ahead to the 1995 launch of the European-built Infrared Space Observatory, which might actually glimpse the full Kuiper disk.

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