Course and condition specific wedges may be a strategy you want to consider. Tight lies, hard turf, and firm bunkers suggest low bounce wedges. Soft turf, fluffy lies, and soft sand call for more bounce. I doubt weâll ever know what the bounce or grind was on the wedge Tiger used on Oakmontâs third hole yesterday.
Definition - What does Fixed Success Fee mean? Fixed success fees are a predetermined amount for the work performed by an investment banker or M&A advisor to complete a transactions. Fixed success fees may be appropriate in situations where the banker can estimate the total amount of work (or hours) that will be required to complete the engagement.
Background/Strategic Importance: On April 8, 2011, IRS issued Revenue Procedure 2011-29, 2011-18 I.R.B. 746, which provides a safe harbor for allocating success-based fees paid or incurred in transactions described in Â§1.263(a)-5(e)(3). In lieu of maintaining the documentation required by Â§ 1.263(a)-5(f), Rev. Proc.