(redirected from JTC1)
Also found in: Dictionary, Medical, Acronyms, Encyclopedia.


Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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).

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.


Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
What relationship would we expect to find between JTC1 and W3C?
Another difference between W3C and JTC1 concerns revenue.
In its new effort to embrace the results of consortia, JTC1 is allowing one of its subcommittees (in this case, SC 24) to enter a special relationship with W3C.
Initial technical development work is done primarily in W3C with provision for JTC1 participation.
JTC1 has three processes for standardization: the traditional, the fast track, and the PAS shortcut.
In the fast-track process, existing members of JTC1 can submit a document for approval as a standard directly to the top level.
The PAS process is similar to the fast-track process in that an organization can submit a specification directly to JTC1 for approval.
A PAS Originator must apply to JTC1 for recognition as a PAS Submitter.
- AhG Chair and Project Editor of ISO/IEC JTC1 WG11 (MPEG: MPEG-7, MPEG-A, MPEG-V, MPEG-IoMT)
JTC1 might experiment with a new method on a five-year trial basis.
In further detail, the developers of JTC1 experimental standards would first produce a proposal; when satisfied, they would send it to ISO's national bodies for comment.
13) stimulated pointers to JTC1. The proposal presented in this column comes from Price.