9 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
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
annuity
Accounting; Tax
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 ...
accumulated dividends
Accounting; Tax
With respect to life insurance, dividends not distributed by the insurance company but left to accumulate with interest
