General Finance

General Finance

Industry: Financial services

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General Finance

trough

Financial services; General Finance

The transition point between economic recession and recovery.

tax software

Financial services; General Finance

Computer software designed to assist taxpayers in filling out tax returns and minimizing tax liability.

For a security such as commercial paper that is sold on a discount basis, true interest cost is the coupon rate required to provide an identical return assuming a coupon-bearing instrument of like ...

tax status election

Financial services; General Finance

The decision of the status under which to file a tax return. For example, a corporation may file as a C corporation or an S corporation.

true lease

Financial services; General Finance

A contract that qualifies as a valid lease agreement under the Internal Revenue Code.

tax straddle

Financial services; General Finance

Technique used in futures and options trading to create tax benefits. For example, an investor with a capital gain takes a position creating an artificial offsetting loss in the current tax year and ...

trust

Financial services; General Finance

A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. The person creating the trust, who may or may not also be the beneficiary, is called the ...