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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
alienation
Accounting; Tax
When used in connection with real property, the voluntary transferance of ownership or title from one person to another Alienation can be Involuntary if the property is transferred without the ...
accounts receivable
Accounting; Tax
For accrual basis businesses, transactions not paid in cash create an account receivable, an unsecured promise to pay in the future The accounting entry is a debit to accounts receivable and a ...
limited liability company
Accounting; Tax
A entity created under state law that is taxed like a partnership (i e , income and losses are passed through to the partners), but where the liability of the owners is limited to their investment in ...
all-or-none bid
Accounting; Tax
A bid for a number of different items in which the bidder will not accept a partial award, but only an award for all the items, services, etc included in the bid In stock trading, the requirement ...
accounts receivable financing
Accounting; Tax
Financing where the company's accounts receivable are used as collateral This type of financing is usually short-term in nature
limit of liability
Accounting; Tax
When an insured is covered by more than one policy for a loss, each insurer pays according to a predetermined formula
all-risk
Accounting; Tax
An insurance policy covering real or personal property against any loss except those specifically excluded
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