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.
In case there is a default in maintenance of CRR on average basis during a fortnight, penal interest would be charged as per the RBI Act, said the notification. According to a bank official, the RBI charges 25 per cent on the shortfall in case banks are not maintaining the CRR on average during a fortnight. Earlier, as the RBI was paying interest on excess CRR to banks, in case of a default, the central bank used to reduce 1/14th of the interest payable on that particular day.