29 Terms
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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
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Tax
levered free cash flow
Accounting; Tax
Cash flow after capital expenditures and changes in net working capital and mandatory repayments of debt Unlevered free cash flow does not include interest and mandatory principal repayments Lien ...
aggregation
Accounting; Tax
Term used to denote the adding together of the taxpayer's income from all sources in order to determine the applicable tax rate for income tax purposes.
accounting rate of return
Accounting; Tax
A method of computing the profitability where the total cash inflow over the life of the project is reduced by expenses This amount is divided by the estimated life of the project to arrive at an ...
life income period-certain annuity
Accounting; Tax
The annuitant is guaranteed payments for the rest of his life, but should he die before a certain time, there is a payout based on a minimum number of payments
aging of accounts receivable
Accounting; Tax
A way to estimate bad debts by analyzing individual accounts receivable according to the length of time they have been outstanding For example, outstanding accounts may be split into those 30 days ...
accounts payable
Accounting; Tax
A liability arising when a vendor provides goods or services that are not immediately paid for and where the liability is not formalized in writing but backed by the reputation and credit worthiness ...
like-kind exchange
Accounting; Tax
A tax device for deferring gain on the transfer of a property by exchanging it for similar property For example, you exchange investment property in New Hampshire for investment property in Colorado ...
