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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
deferred charge
Accounting; Tax
An expenditure carried as an asset until the amount represents a true expense for the period For example, if a one-year insurance premium is paid three months before the end of the fiscal year, ...
deferred interest bond
Accounting; Tax
A bond where interest payments are not made currently, but at a later date Similar to a zero coupon bond which pays 'interest' and principal at maturity The interest, in effect, is compounded and ...
defined benefit plan
Accounting; Tax
A defined benefit (DB) plan is an employer-sponsored retirement plan in which employee benefits are based on factors such as length of service and average salary Benefits in a DB plan are prefunded ...
defined contribution plan
Accounting; Tax
A defined contribution (DC) plan is an employer-sponsored retirement plan in which the employer contributes a specific dollar amount or percentage of pay into a retirement account for the employee ...
demand deposit
Accounting; Tax
The technical name for a checking account or any other type of account where the funds can be withdrawn without prior notice
demand loan
Accounting; Tax
A loan with no set maturity date The loan is payable whenever the lender chooses to call it
depreciation
Accounting; Tax
A method of recovering your purchase price or other basis in an asset over its life rather than deducting the full amount immediately An expense for book purposes or a deduction for tax purposes ...
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