Home > Industry/Domain > Accounting > Tax

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

Add a new term

Contributors in Tax

Become a Contributors

Tax

flow

Accounting; Tax

to be available easily and in large amounts

allowance

Accounting; Tax

Deduction or exemptions generally made in computing income taxes, inheritance and gift taxes and some forms of sales taxes.

Christmas tree tax

Accounting; Tax

A 15-cent levy on each Christmas tree sold in the United States, announced on Tuesday 8 November in the Federal Register. The levy, which was to support a promotion campaign by the Christmas Tree ...

ability

Accounting; Tax

The ability to perform an internal audit.

deep in, deep out of the money

A call option whose exercise price is well below the market price of the underlying stock (deep in the money) or well above the market price (deep out of the money) Thus, the premium associated with ...

default

Accounting; Tax

The failure of a debtor to comply with a provision of a bond indenture or loan agreement (commonly known as a technical default) or to make timely payment of interest or principal when due

defeasance

Accounting; Tax

In corporate finance it is generally the discharge of old, low-rate debt without repayment prior to maturity The corporation replaces it with newly issued securities with a lower face value buy ...