10 Terms
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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
Add a new termContributors in Tax
Tax
contributory negligence
Accounting; Tax
A defense argument that the plaintiff did not exercise sufficient care and that this contributed to his injury
convenience of termination clause
Accounting; Tax
A contract clause that permits the party to terminate, at its own discretion
conventional loan
Accounting; Tax
A mortgage loan that is not backed by insurance from a government agency or other source
convertible term
Accounting; Tax
Term life insurance which is convertible into whole life without showing insurability
conversion costs
Accounting; Tax
The costs required to convert raw materials into finished product; including direct labor and overhead
cost method
Accounting; Tax
An appraisal method that values a property based on the cost to reproduce it today That amount is usually adjusted for depreciation
