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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

lost instrument bond

Accounting; Tax

A bond that guarantees that the owner of a lost stock, bond, etc certificate or other financial instrument will hold the firm harmless against loss if it will issue a replacement certificate

appraisal rights

Accounting; Tax

The rights of shareholders in a merger or acquisition by another party to demand payment at a fair price determined by an independent appraisal Often raised by minority shareholders in close ...

accumulated interest

Accounting; Tax

Interest not paid currently that is added to the balance owing

lowest responsible bidder

Accounting; Tax

The bidder who is awarded a contract because his bid is lower than any of the other bidders whose reputation, past performance, and business and financial capabilities are acceptable

appropriation of retained earnings

Accounting; Tax

Restriction of retained earnings that is recorded by a formal journal entry The restriction may be made voluntarily by the board of directors to show the earnings are being accumulated for a ...

Also called the quick ratio, it's equal to the sum of cash, short-term investments and net current receivables divided by current liabilities It's a measure of whether or not the business could pay ...