20 Terms
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General Finance
Industry: Financial services
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General Finance
trust company
Financial services; General Finance
An organization that acts as a fiduciary and administers trusts.
tax-timing option
Financial services; General Finance
The option to sell an asset and claim a loss for tax purposes or not sell the asset and defer the capital gains tax.
trust deed
Financial services; General Finance
Agreement between trustee and borrower setting out terms of a bond.
tax umbrella
Financial services; General Finance
Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years.
trust fund transaction
Financial services; General Finance
An intra budgetary financial arrangement in which both payments and receipts occur within the same trust fund group.
Taxpayer Relief Act of 1997
Financial services; General Finance
Legislation forming part of a larger act designed to balance the federal budget. Some of the legislation's provisions included tax credits for taxpayers supporting children, an increase in the amount ...
