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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

accrued revenue

Accounting; Tax

Income that has been earned (by the sale of goods or performance of services) but where payment has not been received in cash Similar to accounts receivable

long position

Accounting; Tax

In stocks, bonds, etc it means you own the stock, bond, option, etc Often just referred to as simply long

annual renewable term insurance

Accounting; Tax

Term insurance that does not require a new application or physical each year Premiums on the policy are not fixed A variation is 5- or 10-year renewable term insurance

accumulated depreciation

Accounting; Tax

The total depreciation taken on an asset since it was acquired

long bond

Accounting; Tax

A bond that matures in more than 10 years

The dictionary definition is a contract issued by an insurance company that pays an annuitant an amount periodically for a certain time for the remainder of his life Common usage has expanded that ...