Richie (not so) rich. From his wildchild daughter to the wife currently divorcing him for Â£165,000 a month, Lionel Richie has long had a tempestuous relationship with the ladies. If Lionel Richie is miserable about getting a divorce from his second wife, he's doing a good job of hiding it.
Bargain element. The bargain element in the exercise of an option is the difference between the value of the stock on the exercise date and the amount paid for the stock. Example: You have an option that gives you the right to buy 1,000 shares of stock for $15 per share. If you exercise the entire option at a time when the value of the stock is $40 per share, the bargain element is $25,000 ($40,000 minus $15,000). The value of the stock should be determined as of the date of exercise.
What is a trade discount? A trade discount is a reduction to the published price of a product. For example, a high-volume wholesaler might be entitled to a 40% trade discount, while a medium-volume wholesaler is given a 30% trade discount. A retail customer will receive no trade discount and will have to pay the published or list price. The use of trade discounts allows for having just one published price for each product. The sale and purchase will be recorded at the amount after the trade discount is subtracted.