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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

bullet loan

Accounting; Tax

Generally, a loan where no principal repayments are made during the loan Only interest is paid, leaving the total amount borrowed as a balloon payment at maturity

business interruption insurance

A policy that pays a stipulated amount when the business cannot operate because of some insured peril For example, a policy will pay a certain percentage of the business's earnings lost because of a ...

businessowner's program

Accounting; Tax

An insurance policy designed for small offices or stores, covering the building and contents for full replacement cost as well as liability insurance

buy-down

Accounting; Tax

A loan in which someone other than the borrower puts up money to reduce the interest rate or borrower's monthly payments Frequently done by builders in poor markets It makes the house more ...

buy-sell agreement a

Accounting; Tax

n agreement between owners (shareholders or partners) of a business providing that surviving co-owners of the business will purchase the shares of a co-owner who dies The agreement provides a ...

byproduct

Accounting; Tax

Output of a production process with relatively little sales value when compared to the main product

callable bond

Accounting; Tax

A bond that can be redeemed by the issuer before the stated maturity date Usually, the bond cannot be redeemed before a certain time, say 5 years And often bonds are only callable at certain times ...