answersLogoWhite

0

Subjects>Business>Finance

What is the full form of ETS in banking terms?

Updated: 9/21/2023
User Avatar

Wiki User

∙ 12y ago
Best Answer

Emissions Trading Scheme

User Avatar

Wiki User

∙ 12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the full form of ETS in banking terms?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Why does altria group require 11 pages of contingency disclosure?

I would imagine that with any company that produces products that can lead to any sort of health problem, contingencies are inevitable. Altria is parent company of Philip Morris USA Inc. ("PM USA"),Philip Morris International Inc. ("PMI") and John Middleton, Inc. which are engaged in the manufacture and sale of cigarettes and other tobacco products. 11 pages may seem like a lot but it is probably not enough. Law suits are abundant and numerous when it comes to cigarettes and their effects. Looking through the contingencies you see that they may not even list every last one because of fear that investors may find it unsettling to see so many contingencies. Now I am not accusing them of this, and I have no way of knowing if their are more contingencies or not. However, would it surprise you if their were more? Probably not. Excerpt from Financial Analysis from Altria : "Contingencies: Legal proceedings covering a wide range of matters are pending or threatened in various United States and foreign jurisdictions against ALG, its subsidiaries and affiliates, including PM USA and PMI, as well as their respective indemnitees. Various types of claims are raised in these proceedings, including product liability, consumer protection, antitrust, tax, contraband shipments, patent infringement, employment matters, claims for contribution and claims of competitors and distributors." As you can see, Altria has many contingencies to deal with. I am studying this at the moment for an accounting class I am taking, and this is precisely the question for the discussion this week. Now me personally, if I were investing in Altria, I would recognize that even though the risk's are there, it seems that they do not effect the value of the companies stocks, if anything, they just keep going up. Considering all the contingencies and litigation, the company is still strong and has not gone under yet, and probably never will. They are apparently making enough money to cover the losses in court, and therefore continue to move forward despite the set backs. More and more states are taking on a "no smoking" in public building and public places laws, reducing the suits that involve ETS (environmental tobacco smoke). Prices for tobacco keep going up, but they keep selling. All in all, 11 pages may seem like a lot, but it seems fitting for a company that produces cancer causing products that can not only hurt the consumer, but anyone with in the vicinity of the consumer. I hope this gives you some insight. I am still learning myself.

Related questions

What is the Full form of ETS?

EMIRATES TELECOMMUNICATION CORPORTION.

When was Belvedere - ETS - created?

Belvedere - ETS - was created in 1978.

When was University - ETS - created?

University - ETS - was created in 1992.

When was Churchill - ETS - created?

Churchill - ETS - was created in 1978.

When was Southgate - ETS - created?

Southgate - ETS - was created in 2010.

When was Clareview - ETS - created?

Clareview - ETS - was created in 1981.

When was ETS-Lindgren created?

ETS-Lindgren was created in 1995.

When was Grandin - ETS - created?

Grandin - ETS - was created in 1989.

When was Stadium - ETS - created?

Stadium - ETS - was created in 1978.

What does ETS mean on a 2002 Grand Am GT?

ETS on a GT means Enhanced Traction System (ETS) or Traction Control.

Should you have your ETS light on while driving in winter?

Normally the (Electronic Traction Control) ETS light is on when the ETS is turned off. Make sure the ETS is on and not off when driving at all times winter or summer.

When was South Campus - ETS - created?

South Campus - ETS - was created in 2009.

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Use Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.