3 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
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Tax
debt-to-equity ratio
Accounting; Tax
Total liabilities divided by total shareholders' equity This is a measure of the cushion available to creditors should the firm be forced to liquidate The ratio is sometimes calculated by dividing ...
debt service coverage
Accounting; Tax
The borrower's annual net operating income before debt service and taxes divided by the annual debt service A measure of how safe the loan is to the lender
deed in lieu of foreclosure
Accounting; Tax
The delivery of an asset's title to the lender when the loan is in default The approach may benefit both parties by avoiding the expenses associated with foreclosure and the stigma of foreclosure ...
deep discount bond
Accounting; Tax
A bond where the market price is less than 20% or so of its face value Like a zero coupon bond, the market price of a deep discount bond will rise faster when interest rates fall and drop faster ...
fixed costs
Accounting; Tax
Costs that do not vary with the number of units produced For example, depreciation In the long run all costs are variable and some costs have both a fixed and variable component
