What franking means?
Franking, is a process of actually getting the documents stamped. This process includes getting the documents marked or stamped, indicating that the documents are legal and the stamp duty levied on the documents has been paid.
What does it mean to Frank a letter?
franking, term used for the right of sending letters or postal packages free of charge. The word is derived from the French affranchir (“free”).
What does it mean to Frank a stamp?
“Postage” franking is the physical application and presence of postage stamps, or any other markings recognized and accepted by the postal system or systems providing service, which indicate the payment of sufficient fees for the class of service which the item of mail is to be or had been afforded.
What does franking mean in politics?
Franking privileges—the ability to send mail by one’s signature rather than by postage—date back to the seventeenth-century English House of Commons. The American Continental Congress adopted the practice in 1775 and the First Congress wrote it into law in 1789.
What does franked and unfranked mean?
A Franked Dividend means the dividend has a tax credit attached to them whereas. An Unfranked Dividend does not have a tax credit attached to it.
What does franking mean in finance?
A franking credit is a tax credit paid by corporations to their shareholders along with their dividend payments. Countries such as Australia allow franking credits as a way to reduce or eliminate double taxation.
Why is franking done?
Franking, on the other hand, is a process that is used to stamp the legal document. This is the process used to affix any type of mark or stamp to a paper to indicate that the stamp duty has been paid. So, while stamp duty is a tax that you pay, franking is the process followed to stamp your papers.
What does franked mail only mean?
What is franking? Franking is a pre-paid postage option where a franking mark is printed directly onto the envelope or a label (for parcels). It’s a flexible way to pay for postage, you can manage your spend and give your mail a professional image.
Is franking good?
Depending on their tax bracket, investors who receive a franking credit may get a reduction in their income taxes or a tax refund. Franking credits help promote long-term equity ownership and have led to an increase in dividend payouts to investors.
What does franked distribution mean?
To frank a distribution, the distribution must be frankable and the entity making the distribution must be a franking entity – that is, a company or other eligible corporate entity that is an Australian resident, or a New Zealand company (NZ franking company) that chooses to enter the Australian imputation system ( …