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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

discount

Accounting; Tax

This term can have a number of meanings, depending on the context When used in connection with a loan, it's where the bank deducts its interest payment before giving the loan proceeds to the ...

The application of a factor, based on the cost of the firm's capital or prevailing interest rates (with a possible adjustment for risk), to the cash inflows and outflows from a project or investment ...

discount yield

Accounting; Tax

The yield on a security sold at a discount U S treasury bills are sold at a discount The face amount is returned to the investor at maturity The annual yield is computed by dividing the discount ...

disintermediation

Accounting; Tax

When individuals (or other entities) take money out of savings accounts and put the funds in money market accounts

distress termination

Accounting; Tax

The sponsor of a defined benefit plan that does not have enough money to pay the full benefits it owes to participants and beneficiaries may terminate the plan if the sponsor is financially ...

dividend exclusion

Accounting; Tax

Regular (not S) corporations can exclude from income 70% of dividends received If the corporation owns 20% or more of the stock of the other corporation, it can exclude 80% A 100% exclusion is ...