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What else can I help you with?
In what year did Medallion Financial Corp - TAXI - have its IPO?
Medallion Financial Corp. (TAXI) had its IPO in 1996.
Where can you buy a Taxi Medallion in Delaware?
buy a medallion in delaware
What is the market cap for Medallion Financial Corp TAXI?
As of July 2014, the market cap for Medallion Financial Corp. (TAXI) is $285,845,466.08.
What is the symbol for Medallion Financial Corp in NASDAQ?
The symbol for Medallion Financial Corp. in NASDAQ is: TAXI.
What is a 1920 taxi medallion worth?
it is worth $574,468 U.S
How much cost for a HoustonTexas Taxi medallion?
As of my last update, the cost of a taxi medallion in Houston, Texas, can vary significantly, typically ranging from $50,000 to $100,000 or more, depending on market conditions. Medallion prices have fluctuated due to changes in the taxi industry and competition from rideshare services like Uber and Lyft. It's advisable to check the latest market trends or consult local sources for the most current pricing.
How can you get a medallion seal in Brooklyn New York?
To obtain a medallion seal in Brooklyn, New York, you typically need to apply through the New York City Taxi and Limousine Commission (TLC). This process involves meeting specific requirements, such as having a valid driver’s license, completing a background check, and paying the necessary fees. Once approved, you can purchase a medallion, which allows you to operate a yellow taxi cab in the city. For the most current details, it's best to visit the TLC's official website or contact them directly.
How do you find nearest medallion program?
To find the nearest medallion program, you can use online resources such as the official website of the taxi or transportation authority in your area. Many cities also have mobile apps or local listings that provide information on medallion programs and their locations. Additionally, you can ask local taxi drivers or check community boards for recommendations.
What kind of monopoly is this Consider the market for taxi service in new york city in order to own and operate a taxi in new york city drivers are required to obtain a taxi medallion?
Legal Barriers
What Capital Banks in NYC have Medallion Guarantee?
In New York City, several capital banks provide medallion guarantees, primarily for taxi medallion financing. Notable banks include Melrose Credit Union, Dime Community Bank, and the New York City-based Sterling National Bank. These institutions have historically supported the taxi industry's medallion system, offering loans and guarantees to medallion owners. However, it's essential to verify current offerings, as the market and regulations can change.
Where can I buy a Taxi Medallion in New York City?
cannot be bought - must be issued by the city ---- Actually the answer that ID1187112271 gave is INCORRECT, a New York City taxicab medallion is considered to be a tangible financial asset that once purchased either at a New York City Taxi and Limousine Commission sanctioned auction, from a medallion broker or directly from a medallion owner is actually owned outright unlike other U.S. cities that issue a taxicab or limousine medallion or license, a good example of this is in San Francisco, California where a medallion which is issued in the form of a small license plate is actually the sole property of the City of San Francisco and when a driver retires, quits or just doesn't want to drive a cab anymore they are required to return that medallion back to the city so that it can be issued to the next person on the waiting list, Now in New York City the medallion owner can do whatever they like, lease it out to another driver who doesn't own a medallion, sell it, place it in their will to be passed on to a relative, friend or even a to a lover but the New York City Taxi and Limousine Commission cannot revoke or cancel a medallion they can however force a medallion owner to sell that medallion if that owner violated the law or TLC rules. If you are interested in purchasing a New York City taxi medallion be aware that it is VERY VERY VERY expensive, At a May 2, 2008 New York City TLC auction the highest successful bid was $1.3 million dollars. In New York there are two types of medallion: Corporate and Individual. Corporate medallions can be leased to anyone, while Individual medallions must first be driven 210 9-Hour shifts before they can be leased. Prices for March 2010 were about $781,000 for Corporate medallions and $589,000 for Individual medallions. Corporate medallions must be purchased in lots of two, so the entry price is very high. Debt financing can often be obtained as the medallion is considered a type of property against which security can be taken pursuant to the Uniform Commercial Code. The most prominent taxi medallion lender is Medallion Financial (NASDAQ : TAXI). Medallion's recent borrowing rate in New York has averaged 5.91%. In order to actually purchase a medallion in New York, you will need to contact a TLC licensed medallion broker.
What Banks in NY that participate in the medallion guarantee program?
In New York, several banks participate in the medallion guarantee program, which is essential for taxi medallion owners. Notable institutions include the Chase Bank, Citibank, and Bank of America. These banks typically offer services related to the financing and refinancing of taxi medallions, helping owners secure the necessary guarantees for their operations. It's advisable for medallion owners to check directly with these banks for specific services and requirements.
