What is personal to holder basis?

Answer 1

Personal-to-holder means experience, qualifications, and all characteristics that are taken into account when a person is being evaluated for a promotion. Some government employees retain positions on a personal-to-holder basis at the discretion of a manager.

Answer 2

Personal to holder basis refers to the tax treatment of certain types of debt securities where the interest income is taxed based on the individual holder's tax situation, rather than the issuer's. This means that the tax liability for the interest income is specific to each individual holder, depending on their tax bracket and other factors. It allows for more personalized tax treatment of these securities, as opposed to a one-size-fits-all approach.