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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

hold harmless

Accounting; Tax

An agreement where one party agrees to release another party from any legal liability that may occur as the result of a specific event

illegal source financial crimes

Accounting; Tax

Crimes involving illegally earned income, such as money laundering

immediate notice

Accounting; Tax

In insurance parlance, a clause requiring the insured to provide notice to the insurer (or a representative) as soon as reasonably possible following a loss

implied warranty

Accounting; Tax

A warranty that is assumed or assumed to be part of a contract despite the fact that it is not expressly stated

imprest funds

Accounting; Tax

Funds set aside as a cash reserve for expenditures expressly designated Also, a petty cash fund

in-the-money

Accounting; Tax

For options, if exercising the option will result in a gain, the option is in-the-money For a call option, it is in-the-money if the market price of the stock is greater than the exercise price A ...