Home > Industry/Domain > Accounting > Tax

Tax

Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.

Industry: Accounting

Add a new term

Contributors in Tax

Become a Contributors

Tax

consequential losses

Accounting; Tax

consequential losses, are losses as consequence from a commercial transaction, expected or non expected.

construction loan

Accounting; Tax

A loan intended only to finance the construction of a property Usually must be converted to a term loan after construction is complete

contingent business interruption insurance

Accounting; Tax

An insurance policy that provides benefits if your earnings are reduced because of damages to another business on which yours is dependent

contingent financing clause

Accounting; Tax

A clause in a purchase and sale agreement the specifies that the buyer must be able to secure financing on reasonable terms or he can back out of the purchase

contingent payments

Accounting; Tax

Payments where the amount and/or timing is dependent on other events, usually the income from the property

contingent interest

Accounting; Tax

Income from a note that is at least partially based on the income from the property This is common in financing commercial real estate For example, Fred loans Madison $1 million at 8% The terms ...

contra account

Accounting; Tax

An asset account that normally has a credit balance The contra account is used to offset a related account The approach is used so that the regular asset account is shown at the original or ...