A Greek trireme. A Trireme is an ancient oar-driven warship powered by about 170 oars men. It was long and slender, had three tiers of oars and one sail. On the bow was a battering ram that was used to destroy enemy ships. The tip of the ram was made of bronze and could easily slice through the side of a wooden ship.
When you buy 1,000 shares of Ford at $14 and your broker charges you a $10 commission, your cost basis is $14,010 for those shares. That transaction is given a unique tax lot ID so you and the IRS can track those shares separately from other Ford stock you might buy later.
REI, for instance, offers a free bicycle tune-up for every bike after 20 hours of use or six months from the purchase date, whichever comes first. If you didnât buy your bike at REI, then the costs would be in the $60 to $105 range, depending on the package chosen. Minor tune-up jobs can often be done on your own such as lubing the chain or checking the tire pressure.