10 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
blanket position bond
Accounting; Tax
A fidelity bond where each employee is covered up to the bond penalty The maximum liability is equal to the bond penalty times the number of employees
blended rate
Accounting; Tax
The interest rate on a new loan that is higher than the existing rate but lower than the market rate
blind pool
Accounting; Tax
A partnership or syndication where the investments to be purchased are not specified at the time the investments are sold
blue sky laws
Accounting; Tax
State laws that govern the issuance and sale of securities (stocks, bonds, etc ) to residents of the state and require the registration of the securities with the state prior to sale The rules are ...
bond discount
Accounting; Tax
The excess of the value of a bond at maturity (the par value) over the issue price of a bond or the purchase price The difference between the value at maturity and the issue price is often called ...
bond premium
Accounting; Tax
The excess of the bond's price over the maturity (par) value For example, you purchase a bond for $1050; the maturity value is $1,000 The bond has a premium of $50
bond sinking fund
Accounting; Tax
Amounts accumulated and segregated for the purpose of redeeming or retiring bonds Can also apply to preferred stock
