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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

batch processing

Accounting; Tax

Entering transactions in a group rather than as they occur

bearer bond

Accounting; Tax

While new issues are rare because of a change in the tax law, the principal and interest on the bond is payable to whoever has possession On the other hand, the ownership of a bond in registered ...

bearer instrument

Accounting; Tax

A note, instrument, or draft, payable to someone other than a designated payee, i e , the bearer or to cash

A person entitled to the benefits of a trust, will, insurance policy, pension plan, etc For example, if you name your daughter as the sole beneficiary of a life insurance policy, only she is entitle ...

bid bond

Accounting; Tax

An agreement in which a third party agrees to be liable in the event the bidder fails to sign the contract as bid (if his bid is accepted) A bid deposit is similar, but the bidder must deposit cash ...